Wednesday, August 31, 2005

The Price of Gas

It's like the 70s all over again in Atlanta. Given the current situation on the gulf coast, the oil companies have decided to participate in their favorite sport: price gouging.

Even now, the price has risen 70 cents at nearby gas stations since lunch (to $3.40). Yes you read that right. 70 cents in four hours. There are lines at gas stations that spill out in the street. A coworker reported that a few stations are saying they are out of gas as well. I realize that Katrina will have a big impact on gas prices and availability, but after only 3 days? Two pipelines from the gulf come through Atlanta, but the city is surrounded by terminals that store the stuff.

Follow the madness here.

UPDATE: And there's more.

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