Some areas of the Southeast fuel shortage...2-3wks

[Sojourner]

Anyone planning traveling the Southeast, be aware of "out of fuel" signs. Temporary shortage due to the 2 last storms.

October prices going up. Already 20 to 25% price increase of crude oil.
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Pilot trucking in fuel, some Knoxville terminals dry
http://www.wbir.com/news/local/story.aspx?storyid=63652

IRS Waives Excise Tax Penalty Because of Fuel Shortage in Floridahttp://www.irs.gov/newsroom/article/0,,id=128942,00.html

From Peak Oil News as of  Sept, 23. 2008
http://peakoil.com/index.php

Democrats to let offshore drilling ban expire

Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.
Drivers in the South still scrambling for a tank

RALEIGH, N.C. - More than a week after Hurricane Ike's strike, drivers across the Southeast are still bouncing between dry pumps and shuttered stations in a frustrating hunt for a fill-up — and they're starting to get angry.
There are stations shut down in Nashville, long lines in Atlanta and even fights breaking out in bucolic Blue Ridge mountain towns. In between the soccer moms and NASCAR dads, you'll even find guys who play in the NFL waiting for gas.


U.S. Says 67% of Gulf Oil Output, 62% of Natural Gas Idled

(Bloomberg) -- U.S. energy producers have resumed output for about 33 percent of oil and 38 percent of natural-gas production in the Gulf of Mexico after storms in the region.
Energy companies reported that 4 rigs and 203 production platforms remain evacuated from hurricanes earlier this month, the Minerals Management Service said today in a statement on its Web site. About 870,000 barrels of daily oil production remains shut-in, along with 4.56 billion cubic feet of gas.


Oil Short Squeeze Prompts Call to Curtail Speculators

(Bloomberg) -- U.S. lawmakers may seek to include commodity speculation limits in legislation designed to rescue banks from bad mortgage investments after a squeeze in oil trading sent crude to a record gain.
Crude oil for October delivery yesterday climbed more than $25 a barrel in New York Mercantile Exchange trading, before settling 16 percent higher at $120.92 as the contract expired. The fluctuation, the biggest since Nymex crude trading started in 1983, prompted the Commodity Futures Trading Commission to say it was ``closely monitoring'' prices for manipulation.


Gas Shortage Fuels Fights

vox_mundi writes:
Fights broke out between motorists waiting in long lines for fuel at an Asheville station and managers called police for help.
The Asheville Citizen-Times reported that three fights occurred Monday at Roadrunner Shell. Station manager Marsha Messer directed lines of cars in her lot and said people are panicked about the shortage. x


Why ''Drill, Baby, Drill!'' Does Not Translate Into Effective Energy Policy

...The overall quantitative picture for United States oil production today is one where the effect of increased drilling is essentially like putting more straws into the same cup. Actually, it's worse than that: if it were only that bad the slopes in the graphs would be -1, and they are actually steeper than that. This is a bit counterintuitive, because what's actually happening is rather complicated. Some drilling activity really is just putting another hole into the same old reserves. But drilling certainly does find new, previously untapped, resources, too. The problem, as Ken Deffeyes has pointed out in his book Hubbert's Peak, is that all our new technology, and the recent increase of drilling activity, is mostly going into smaller and smaller discoveries. Our domestic oil supplies are pretty well picked over, and the "low-hanging fruit" remaining—the shallowest, lightest, most-permeable, and largest reserves of domestic oil—are few and far between.

Posted by Leanan on Tuesday, September 23 @ 08:54:30 PDT (195 reads)
(Read More... | 2299 bytes more | comments? | Score: 5)



Crude Oil Futures Post Record Gain as "Peak Oil" Expert Calls for Rally to $500
Crude oil futures zoomed more than $16 a barrel yesterday (Monday) - and traded as high as $130 a barrel - thanks to a steep decline in the U.S. dollar and speculation that the Bush administration's plan to bail out the financial sector might actually jump-start the U.S. economy.
The record single-trading-session gain came on a day when CNNMoney.com republished a brand new Fortune magazine story in which author and noted "peak oil pundit" Matthew R. Simmons stated that crude Prices were headed for $500 a barrel.
At that price level, gasoline would cost more than $10 per gallon.
Crude oil for October delivery soared $16.37 a barrel, or 15.7%, to close at $120.92 a barrel on the New York Mercantile Exchange (CME). The gain surpassed the previous price-gain record for a single day of $10.75, a move that occurred on June 6. The highest percentage gain in a single day - 20.9% - was recorded on Jan. 3, 1994, according to FactSet Research Systems Inc.
Trading was halted for five minutes after the October crude contract reached the daily price-movement limit of $10 per barrel, MarketWatch.com reported. Under trading rules, the price-change limit is increased by another $10.
Posted on Monday, September 22 @ 23:49:59 PDT by coyote
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RALEIGH, NC.....Fuel shortage could hurt school bus service
http://www.newsobserver.com/news/education/story/1219822.html

FWIW

Sojourn for Christ, Gerald
Thriving to be independent from the middle man fuel. 

[NJT5047]

Some schools and colleges in the Asheville, NC area have close for the duration of the fuel shortage.  Whatever than may be.
They closed thru the weekend and will review the situation as fuel availability permits.
Gasoline in the Charlotte area is short.  Every time a station get fuel delivered, cars pile into the station and create instant traffic jams.
I was happily whirring (that's what my electric car does... ) to work today in my EV, and found myself sitting thru several stoplight cycles at a normally low traffic intersection...gas station had just received fuel.   Major mess.
Somone must be posting where fuel is delivered on the internet or phone tree for the stations to jam up so fast.
While I don't use gasoline on a daily basis, my wife does.  This is becoming a PITA for her!
We need refineries scattered around the US.. having all our refineries in CA and the Gulf Coast.
Obviously, there is no fuel on the horizon that competes with petroleum.   Time will alter the fuel equasion, but for the time being, we need to Drill HERE, Drill NOW!   We can sell petro product to the world market once we've broken out dependance on foreign oil.
JR

[Busted Knuckle]

Some schools and colleges in the Asheville, NC area have close for the duration of the fuel shortage.  Whatever than may be.
They closed thru the weekend and will review the situation as fuel availability permits.
Gasoline in the Charlotte area is short.  Every time a station get fuel delivered, cars pile into the station and create instant traffic jams.
I was happily whirring (that's what my electric car does... ) to work today in my EV, and found myself sitting thru several stoplight cycles at a normally low traffic intersection...gas station had just received fuel.   Major mess.
Somone must be posting where fuel is delivered on the internet or phone tree for the stations to jam up so fast.
While I don't use gasoline on a daily basis, my wife does.  This is becoming a PITA for her!
We need refineries scattered around the US.. having all our refineries in CA and the Gulf Coast.
Obviously, there is no fuel on the horizon that competes with petroleum.   Time will alter the fuel equasion, but for the time being, we need to Drill HERE, Drill NOW!   We can sell petro product to the world market once we've broken out dependance on foreign oil.
JR

They probably are following the fuel trucks around! LOL!   BK 

[Blacksheep]

And to think that diesel here locally now is down to 3.94! Figures I bought it 13 cents higher!

Ace

[FloridaCliff]

Must be a regional thing .....

Every station here is open and plenty of fuel....

Price has dropped locally since Ike by 7-10 cents.

Cliff

[NJT5047]

There's plenty of diesel up here.  The problem is a sort a of 'run' on gasoline.   They'll drop 8K gallons into a service station and it's gone in 4 hours.   I think people are stockpiling it.   A good number of folk were arrested in Charlotte today for fighting in gas lines.  Some 2 hour waits...and some waited and the station ran out of gas...talk about some PO'ed people.   
Our trans pipes are from Texas...Florida's pipe are from AL and LA?   There's plenty of oil right now...just cannot refine or move it to where it's needed.
Asheville closed the community colleges because the students and teachers don't have gasoline.  They don't bus community college students here.   All the problems are related to gasoline supply.
AAA road service will not deliver gasoline to vehicles that run out of gas...common now.  They'll tow your car home instead.
Gasoline is starting to flow again.  The pipelines are pretty slow...I understand that gasoline only flows at 3 to 5 mph in the trans pipes.
Some of the problem is related to our incredibly out-of-touch North Carolina Attorny General office.  We got "anti-gouging" laws you know.   I'd wager that fear of such penalties kept some stations pumps closed...even when fuel was in their tanks.   
He's sending subpeonas to stations that jacked up their prices to match market conditions.   Most were in the $4.50 range.  That price got paper served!  I cannot believe the absolute stupidity of our state government. 
One of the station owners paid almost $5 bucks a gallon for spot gasoline.  The state threw some paper on him too. Seems as though he was selling at $4.59, and lost about $20K over three days.  And our state government sues him?!  His case has been widely published on local TV.   The attorney general's office is finding a way to back off this crap.   
As is well known, I have minimal faith in the political class.   But we seem to be surrounded by really dumb apparatchnik lately.
It's one debacle after another.   
I'm quite sure I'm not the only taxpayer feeling that way! 
I'm gonna burn some diesel tomorrow.  We're off to a Bluegrass festival this weekend, then heading over to Kyle's Non-Rally.  I'm gonna get my butt rained on this weekend....I just know it.  I took the golf cart off the trailer, put it back in the barn.  No point in fooling with that thing in bad weather.   The music area is covered.  It isn't going to be too cold...just likely wet. 
See some of ya'll next weekend!   JR

[Ncbob]

While some of us lived through the fabricated 'shortages' of the '70's but are intelligent enough to realize that "Ike" raised havoc with the TX-LA and we know some of the refineries are down.

The thing we don't know is whether or not the pumping stations for the pipelines to get the gasoline to us have been damaged. Granted, they too, deliver diesel and heating oil to the same outlets.

But, it's like the Government and Wall Street....who are you to believe?

NCbob

[kyle4501]

Democrats to let offshore drilling ban expire

Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.
Drivers in the South still scrambling for a tank

Interesting game Democrat Senate Leader Harry Reid is playing in an effort to hide something:

http://demint.senate.gov/public/index.cfm?FuseAction=JimsJournal.Detail&Blog_ID=9a2397c9-e8a5-2da3-c8a3-2cd5fe8fa96b

It should be disturbing to all that an elected official is more interested in deceit & sneaking stuff thru than being up front so it can be discussed openly. . . . especially with what all else is going on concerning the underhanded dealings that messed up the financial markets.


If Clinton hadn't blocked drilling, we'd have more options concerning gas now . . . .