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Thursday, September 01, 2005

Gas stations running out of gas

This is your wake up call people!

It's being reported that many gas stations and airports are sturggling to keep open due to the lack of gasoline.

From the AP
"Out of Gas" signs and yellow caution tape were draped across pumps that were out of gas in parts of the United States early Thursday after many retailers were overrun by panicked motorists looking to top off their tanks as prices soared past $3 per gallon and reports of shortages spread.

Many gas stations in and around downtown Atlanta had run out of gas by sunrise. The same was reported in elsewhere, including parts of North Carolina, West Virginia, Wisconsin and Arizona.

"People have kind of panicked and they're waiting in long lines because they're afraid the prices are going to go up," said Jan Vineyard, executive director of the West Virginia Oil Marketers And Grocers Association. "We're going to have some outages."

Price hikes were evident at stations nationwide Wednesday, the result of fuel pipeline shutdowns and delayed deliveries since Hurricane Katrina devastated Louisiana and Mississippi earlier this week.

Gas prices jumped by more than 50 cents a gallon Wednesday in Ohio, 40 cents in Georgia and 30 cents in Maine. The increases followed price spikes on wholesale and futures markets Tuesday after the hurricane knocked off-line refineries and pipeline links along the Gulf Coast that provide about a third of the country's gasoline supplies.


You've been warned.