Gas Prices

From Patrick: With prices falling (and rightfully so) to the $3.60’s ( some suburbs) and $3.70’s (parts of the immediate GR area) and lower in other parts of the state, is a hike likely anytime soon? It could be… chances are really 50/50, but I personally filled up just in case so I wouldn’t get caught losing too much money if prices came down. Nationally, there are still major refineries without power and that are closed in Texas and Louisiana. Refineries operated at a record low 66.7% of capacity last week, as reported by the Department of Energy in it’s Weekly Report. We’re hurting folks, but not as bad as those dealing with REAL GASOLINE shortages in Georgia, Tennessee, and the Carolinas. They are encountering major supply issues as refiners are slow to pickup the pieces. Nationally, I expect prices to rise up to a dime more before things calm down. I think realistically, we won’t be back to “normal” until mid-Winter. Supplies of gasoline in storage are at a record ALL TIME LOW dating back to 1980, when the government started recording data. Bill adds: On the good side…we see no hurricanes affecting the oil platforms in the next couple weeks.
down to $3.55 here this am,……..2.55 would be great