Refinery Outages and Gas

[Xiahou]

It's over 3 dollars hear... and I thought 2.65 was nasty. And I was waiting for prices to go down to fill up my car (I don't drive much, but will once school starts), and I still have a half tank. Oh well.

Well, on the bright side- they're expecting the affected pipelines to be back to capacity by the end of the holiday weekend and many of the refineries are expected to be operating again within two weeks.

Combine that with the EPA fuel blend waiver and the end of the peak summer driving season and it's still reasonable to expect at least some price relief in the coming days. (prices are currently $3.19 here- from 2.53 tuesday)

edit: I'd be interested in hearing what backroom members think should be done about the high gas prices/shortages as a result of Katrina? Many politicians are beginning to talk about cutting fuel taxes temporarily or even legislating price controls. So as not to "poison the well" I'll hold my opinion for now.