Gas & Oil News

Gasoline price spikes and shortages at filling stations are things to expect for the near term throughout the US in spotted areas. This will happen because people do not understand just how drum-tight the difference is, between gasoline supply and demand. This next statement I purport might get you to thinking about how uninformed the US driving public is! At the best of times (when gasoline inventories are at a healthy surplus level) if every driver in the US "Topped Off" there vehicle on the same day, because of panic-buying, many gas stations across the country would temporally run out of gasoline. Now, we could be facing a situation of "Panic-Buying", at a time when gasoline inventories are strained and US refinery capacity is crippled because of "Katrina"! There is enough gasoline to go around and keep everyone on the road only if everyone doesn't try to fill-up on the same day because they are greedy and self-centered!
The National Average Price for Regular Unleaded Gasoline has soared up from yesterday, so much in so many regions, that The AAA Motor Club has put a special notice on their Web Site I have never seen before:
NOTICE:
Yesterday's average for today is different than the average that was posted as the current average yesterday. Due to the extreme volatility of yesterday's pricing, we updated prices multiple times and that resulted in the variance.
Here is the link to the AAA Motor Club's Web Site:
http://198.6.95.31
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst