Should we worry about extreme price gouging at the pump soon?

[Jamison]

I'm worried that because of hurricane Katrina that oil companies will use this to justify $3.50 to even $4/gallon gas prices. Am I a worrywart or could this happen?

[steve2470]

1. I think there is already a law about this nt

[Pepperbelly]

3. and Bush would enforce it?

Sure. :sarcasm:

[Obamanaut]

2. No need to worry, it will happen. On other things also n/t

[DIKB]

4. I don't think so.

Let's see Oil went up by 30% and the price went up by 80% as a result. . . They're milking us for all they can. Make no mistake, if they can get away with more, they will try.

[tjdee]

5. Yes.

The market is going tio go nuts--I'm getting gas in a few minutes.

[TomInTib]

6. Technically, it won't be gouging...

because price will reach $70 by Friday.

This hurricane is gonna raise hell with pipelines and refining.

[Lifelong Protester]

9. And this...

I am so happy to live in a country that doesn't give a damn about meaningful public transportation....:sarcasm:

[cosmik debris]

7. There are bunches of refineries around New Orleans

And Baton Rouge. You can bet several of them will be shut down for repairs. Supply drops, price rises. it is inevitable.

[lady lib]

8. And once the gas prices go up, then food and other

products that require transport will have price increases as well.

[Lifelong Protester]

10. It's inevitable

and I am surprised it hasn't happened already. AS one old enough to have lived through the '70s oil embargo, I can see what's coming, and it ain't pretty.

[wli]

11. 10 USD/gal is probably well within reach of the gougers/profiteers n/t

[Ernesto]

12. Why should we worry about the "possibility" when it's already happening?

chimp's pals (big oil) are making mega-profits just like they were promised.
Wake up, smell the coffee.

[Lifelong Protester]

14. as well as the petrochemicals...

:freak:

[u4ic]

15. Welcome to DU, Lifelong Protester

:hi:

[Lifelong Protester]

17. Thanks for the welcome

and love your username!

[u4ic]

18. Thanks! :) n/t

[Jamison]

13. kick

[samsingh]

16. oh yes.