Pipelines are still not fully functional
Look back over this thread. At the beginning of the thread, people were posting that gas was in the 2.69 range in NYC. Well, yesterday gas in Queens NY was generally 3.90 -- a jump of over $1 in a few days.
CNN reports gas is $5.99 -- ie basically 6.00 in Virginia.
Yesterday, Philly was reported to have 24-48 hours of gas in storage, and if the pipelines did not start pumping, they would run out.
In my earlier post, when gas was around 2.69, I predicted 4 by Friday (which pretty much happened) and 5-6 in NYC by this weekend. Well it's Saturday and I don't know what the price is because my local gas station is closed, with a sign saying "no more gas."
There are two east coast pipelines -- the Colonial Pipeline and the Plantation Pipeline. One ends in Philly or DC (not sure), the other in New Jersey, just across the river from NY, which then receives the fuel by barge from NJ terminals.
The southern one is pumping again, but the one that ends in NJ is only operating at 70% capacity. So gas will probably not go up to 5-6 here, right away, but if it continues to operate at 70%, gas will go that high in NYC soon, because 70% is not enough to supply the regions, plus make up for almost a week of no pipeline operation.
The business news is all about, "don't panic, there are no gasoline shortages." That's bullshit, they don't want people to panic buy, which will drive the price up more and lead to worse shortages.
But I filled my tank and bought winter home heating oil Wednesday, as soon as I heard the pipelines were out.
You have been warned!
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get with the program biatches.