Gas prices rise at record pace

**Ironduke** · 08-24-2003, 19:16 PM

Gas prices rise at record pace

(Gas in my area leaped from $1.69 per gallon to $1.79 a couple days ago)

Industry survey blames increase on blackout, pipeline break
Sunday, August 24, 2003 Posted: 5:49 PM EDT (2149 GMT)

CAMARILLO, California (CNN) -- Gas prices zoomed at a record pace during the past two weeks, increasing by more than 15 cents per gallon to a national average of $1.72, according to a national survey of gas stations.

That was the largest two-week rise in the half-century history of the Lundberg Survey, Publisher Trilby Lundberg told CNN.

Still, the price was a penny shy of the all-time high, set on March 21, she said.

Lundberg said panic buying in Phoenix, Arizona, after a pipeline burst August 8, cutting supplies to the area, caused prices there to soar 60 cents per gallon, to $2.12. Phoenix consumers paid the most in the nation for gasoline, according to the survey.

Energy officials in Arizona say the pipeline has been repaired and gas is flowing into Phoenix again, though they say it may take a few days for it to reach the city, according to The Associated Press.

The rupture affected prices all along the West Coast, driving the average cost of a gallon of gas in Los Angeles up 42 cents, to $2.06.

Refinery shutdowns caused by last week's blackout that affected parts of the East and Midwest also played a role in the price jump, she said.

The survey of prices at about 7,000 gas stations was carried out August 8 and Friday. Drivers in Charleston, South Carolina, paid the least, at $1.49, according to the survey.

Lundberg said the pipeline's repair and the drop in demand that typically occurs at summer's end would likely send prices lower in coming weeks.

http://www.cnn.com/2003/US/08/24/gas.prices/index.html

bigross86 · 08-25-2003, 04:38 AM

We pay about $1.25 per liter or something like that.

**Ironduke** · 08-25-2003, 11:49 AM

The average Israeli drives alot less than the average American as well. Hell, the county I live in is a little over 7,000 square miles, about the same size and Israel.

2DREZQ · 09-03-2003, 13:01 PM

My homemade Biodiesel costs me about 60 cents a gallon.

Snicker...

bigross86 · 09-03-2003, 13:39 PM

Israeli's probably drive a lot less, but gas is 4 times more expensive (approx.) That is the one reason I don't have my license yet. I'd have to pay for gas. As it is I got to raise at least 3,500 (at least $800) shekels for driving lessons, tests, etc...

Praxus · 09-03-2003, 14:38 PM

Gas is always cheap in the US because there hasn't been a federal tax levyed on the sale of Gasoline. I hope it stays that way for a long time to come.

The price of oil should be regulated by the market not the Government.

bigross86 · 09-03-2003, 14:45 PM

All I know is that I really hope gas prices will drop before I get my license...

08-24-2003, 19:16 PM	#1 (permalink)
Ironduke Burgomaster Join Date: 08-02-03 Location: Minneapolis Posts: 6,785 Country:	Gas prices rise at record pace Gas prices rise at record pace (Gas in my area leaped from $1.69 per gallon to $1.79 a couple days ago) Industry survey blames increase on blackout, pipeline break Sunday, August 24, 2003 Posted: 5:49 PM EDT (2149 GMT) CAMARILLO, California (CNN) -- Gas prices zoomed at a record pace during the past two weeks, increasing by more than 15 cents per gallon to a national average of $1.72, according to a national survey of gas stations. That was the largest two-week rise in the half-century history of the Lundberg Survey, Publisher Trilby Lundberg told CNN. Still, the price was a penny shy of the all-time high, set on March 21, she said. Lundberg said panic buying in Phoenix, Arizona, after a pipeline burst August 8, cutting supplies to the area, caused prices there to soar 60 cents per gallon, to $2.12. Phoenix consumers paid the most in the nation for gasoline, according to the survey. Energy officials in Arizona say the pipeline has been repaired and gas is flowing into Phoenix again, though they say it may take a few days for it to reach the city, according to The Associated Press. The rupture affected prices all along the West Coast, driving the average cost of a gallon of gas in Los Angeles up 42 cents, to $2.06. Refinery shutdowns caused by last week's blackout that affected parts of the East and Midwest also played a role in the price jump, she said. The survey of prices at about 7,000 gas stations was carried out August 8 and Friday. Drivers in Charleston, South Carolina, paid the least, at $1.49, according to the survey. Lundberg said the pipeline's repair and the drop in demand that typically occurs at summer's end would likely send prices lower in coming weeks. http://www.cnn.com/2003/US/08/24/gas.prices/index.html

08-25-2003, 04:38 AM	#2 (permalink)
bigross86 401 Ikvot Habarzel *Military Professional* Join Date: 08-07-03 Location: Ra'anana, Israel Posts: 3,148	We pay about $1.25 per liter or something like that. __________________ You're a naughty girl, go to my room!

09-03-2003, 13:01 PM	#4 (permalink)
2DREZQ Contributor Join Date: 08-04-03 Posts: 702	My homemade Biodiesel costs me about 60 cents a gallon. Snicker... __________________ USS North Dakota

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Economic Survey 2005-06: overview of the economy Part I	Neo	Political Discussions	3	10-31-2007 09:19 AM
RBI pegs GDP growth at 7.5-8%	santosh tiwari	Political Discussions	0	07-27-2006 22:54 PM
Why use force when talk works so well?	Leader	International Defense Topics	54	12-05-2005 04:29 AM
Developing countries’ goods trade share surges to 50-year peak	oneman28	World Affairs Board Pub	0	04-21-2005 13:58 PM
More troops being pumped into Kashmir?	Asim Aquil	South Asian Defense Topics	21	11-29-2004 05:41 AM

08-25-2003, 11:49 AM	#3 (permalink)
Ironduke Burgomaster Join Date: 08-02-03 Location: Minneapolis Posts: 6,785 Country:	The average Israeli drives alot less than the average American as well. Hell, the county I live in is a little over 7,000 square miles, about the same size and Israel.

09-03-2003, 13:39 PM	#5 (permalink)
bigross86 401 Ikvot Habarzel *Military Professional* Join Date: 08-07-03 Location: Ra'anana, Israel Posts: 3,148	Israeli's probably drive a lot less, but gas is 4 times more expensive (approx.) That is the one reason I don't have my license yet. I'd have to pay for gas. As it is I got to raise at least 3,500 (at least $800) shekels for driving lessons, tests, etc...

09-03-2003, 14:38 PM	#6 (permalink)
Praxus *Senior Contributor* Join Date: 08-26-03 Posts: 3,237	Gas is always cheap in the US because there hasn't been a federal tax levyed on the sale of Gasoline. I hope it stays that way for a long time to come. The price of oil should be regulated by the market not the Government.

09-03-2003, 14:45 PM	#7 (permalink)
bigross86 401 Ikvot Habarzel *Military Professional* Join Date: 08-07-03 Location: Ra'anana, Israel Posts: 3,148	All I know is that I really hope gas prices will drop before I get my license...

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)