Originally Posted by
swei0009
We are quite far from Ike but the gas stations here are all up $0.25 since last night. I filled my car last night, the wife filled hers this morning, and I looked at both receipts (same station). Hmmm.
Yeah, that can happen when diminishing supply hits a greater demand. The refineries were shut down in the last two days, so with the unknown prospect of when they might open again, it's going to be a seller's market for awhile.
Not sayin' it's right in a situation like this, but without the government stepping in and freezing gasoline prices, the free market economy will tend to take over. Fortunately, being well-versed in this, I suggested to the wife that we both fill our tanks yesterday when everybody started moving north from the coast. It was still the same price as last weekend when we did.
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William R. Sanders
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Starwood Hotels & Resorts Worldwide
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