Wholesale gasoline prices soared by 25-35 cents a gallon today

[sabra]

http://www.modbee.com/24hour/business/story/2667290p-11187516c.html

Wholesale gasoline prices in the New York and Gulf Coast markets soared by 25-35 cents a gallon on Monday following reports that about 8 percent of U.S. refining capacity had been shut down ahead of the storm. One analyst said pump prices nationwide would likely average more than $2.75 a gallon by week's end, up from about $2.60 a gallon Monday.

"Unfortunately, I don't think $3 a gallon is a hyperbolic number in some markets anymore," said analyst Tom Kloza of Wall, N.J.-based Oil Price Information Service. He emphasized that the market reaction is a reflection of supply tightness, not shortages.

[phantom power]

1. It's "supply tightness!"

It's not shortages! It's not shortages! It's "supply tightness!" Shut up! Shut up!

[Missy M]

2. What the hell does all this mean. Can't anyone give a direct, honest

answer. What is the difference between supply tightness and shortages. I can't believe how many different answers have been to the reason for the rising gas prices.

[sabra]

3. some say it's just denial?

[Tyranny_R_US]

4. Exploitation - Bush and the Gang

Owie! This is your exploitation
Owie! This is your exploitation

Exploit bad times, come on! (Let's exploit)
Exploit good times, come on! (Let's exploit)

There's a crisis goin' on right there
A exploitation to last throughout the years
So bring your condoms, and your lube too
We gonna exploit and fuck you up the ass too

[RaleighNCDUer]

5. So they've learned that people won't buy their saying it is shortages

when there are no gas lines, no signs at stations saying 'out of gas'.

It's just 'supply tightness'.

While they rake in unprecedented profits.