|
A big part of price hikes at gas stations nationwide is because of everyone panicking. Here in Denver, not every gas station chain is affected by Katrina. However, when the news media interviews Joe Bob Bibbity in North Carolina, and he tells of his plans to raise his prices dramatically, and it gets put in USA Today, people all over the country think they should get gas now, "before it goes up again", which leads to gas stations nationwide - who's supply of gas is not hindered by Katrina - selling a lot more fuel than they're accustomed to. Which leads to runouts. THIS is what leads to price increases across the nation.
Usually, no one wants to be the most expensive in town, but now no one wants to be the cheapest. They'd rather have expensive prices and adequate supply than have the cheapest price on the street with no fuel left to sell.
__________________
Bad Luck City
|