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2008-09-30 Home Front Economy

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Posted by Steve White 2008-09-30 00:00|| || Front Page|| [2 views ] Top

#1 ...We have still been seeing gas shortages due to refinery outages from Hurricane Ike - but prices have been falling consistently for the last few days, and the shortages have almost disappeared, even though the dealers are still being told that the supply situation has NOT changed. Gotta love the free market.

Mike

Posted by Mike Kozlowski 2008-09-30 07:59|| 2008-09-30 07:59|| Front Page Top

#2 It's partly the dollar strengthening on the chance that the "socialism for wall street billionaires" plan isn't accepted

plus

Demand falling for oil.

Posted by Bright Pebbles 2008-09-30 08:04|| 2008-09-30 08:04|| Front Page Top

#3 long article with no mention of the possible impact on futures of the expiration of the offshore oil-drilling ban. Nice reporting, AP.

by the way, circular link

Posted by Frank G">Frank G 2008-09-30 08:43|| 2008-09-30 08:43|| Front Page Top

#4 Oil Marketer Tuesday 30 September 2008

Crude oil prices were down on Tuesday ahead of Wednesdays weekly report on US inventories. Analysts believe that crude oil stockpiles will increase by 900,000 barrels, while gasoline inventories are expected to be up by 1.8 million barrels.

Brent crude for May delivery dropped 89 cents to $65.95 per barrel on the International Petroleum Exchange. Meanwhile, May contracts for West Texas Intermediate crude lost 94 cents to $65.80 per barrel on the New York Mercantile Exchange.

Nymex gasoline futures for May gained 18 cents to $1.8650 per gallon after a warning from Merrill Lynch that gasoline prices in the US could reach $2.40 per gallon, or $100 per barrel, by summer due to higher demand in the face of low domestic output and dropping inventories and imports.

Posted by Besoeker 2008-09-30 08:57|| 2008-09-30 08:57|| Front Page Top

#5 Up here it was at 3.37 before Ike, went to 3.52 right after, was at 3.33 this AM.

Posted by tu3031 2008-09-30 09:44|| 2008-09-30 09:44|| Front Page Top

#6 Still can't get gas in ATL. $4.25 when you can........

Posted by Beavis 2008-09-30 10:14|| 2008-09-30 10:14|| Front Page Top

#7 Atlanta is under an EPA edict to have special blends "cleaner" fuel because of air pollution. Get away from Fulton County and the prices and availability are better.

Posted by Besoeker 2008-09-30 10:21|| 2008-09-30 10:21|| Front Page Top

#8 You've got to get way away Besoker. Lake Oconee area is dry. Now I had no problems last week when I had to travel to Savnnah once I made it to Macon.

Posted by Beavis 2008-09-30 10:24|| 2008-09-30 10:24|| Front Page Top

#9 beavis i'm in Lavonia towards SC on I85 and the gas is not but about 10 cents cheaoer and the stations are still running out

Posted by sinse 2008-09-30 10:30|| 2008-09-30 10:30|| Front Page Top

#10 Gas prices in Kansas are excellent; $0.50 less than national average:

*Our own refineries
*No special blends
*Low price per barrel
*Low gas tax rate

Posted by swksvolFF 2008-09-30 10:42|| 2008-09-30 10:42|| Front Page Top

#11 Couldn't get kerosene after the war either. Yankees again I suspect.

Posted by Besoeker 2008-09-30 10:42|| 2008-09-30 10:42|| Front Page Top

#12 No gas in Atlanta, plenty gas in Wilmington NC, where it arrives by sea. Apparently there are no spare gas tanker trucks or rail cars that could make up a bit of the shortage. Pity.

Posted by Anguper Hupomosing9418 2008-09-30 11:14|| 2008-09-30 11:14|| Front Page Top

#13 Gas finally fell below $4.00/gal in Anchorage. No supply problems. If you can, I would recommend storing 20 to 30 gallons safely for a backup.

Posted by Alaska Paul 2008-09-30 13:19|| 2008-09-30 13:19|| Front Page Top

#14 Just drove from New Orleans to Portland, OR and had no shortages anywhere along the route. Prices from $3.40 to $4.00.

Posted by Glenmore">Glenmore 2008-09-30 19:12|| 2008-09-30 19:12|| Front Page Top

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