Quote:
Originally posted by bleeds green@Aug 31 2005, 01:09 PM
A small part of the reason gas is going up might be the long weekend coming up but the big reason is all of the refinerries down in New Orleans are all closed and is driving up the price of oil, which is now over $70 a barrel I believe. Some talk that gas prices will stay high for a few weeks until things settle down in the states.
|
Those all do effects on the gas prices. But what happened with the refineries in New Orleans, the off-shore rigs in the Gulf of Mexico SHOULD NOT have affect on the price of gas that we pay at the pump today or tomorrow.
It will have an effect in the comming months. Anytime you see a price hike in gas prices the few days after the futures market gas price increases, is purely the oil and gas industry gouging customers.
There should be about a 2-3 month buffer from the gas futures price increase, and an increase in prices at the pumps.
What is going on right now, is just pure insanity.