Friday, September 12, 2008

$5 Gallon

It has been a busy and tough day for many reasons. We got word early that because of Hurricane Ike, we could expect gasoline shortages and our incoming costs could be as high as $5.10 per gallon on everything delivered today. Sure enough, the price moved $.21 per gallon in just a matter of hours. The Ingles a few miles from us had already moved their retails to $5.20 per gallon around 3 PM and we were holding at $3.89. We have heard stories of fuel stations closing and rationing gas to 10 gallons per customer. If I was asked once today...I was asked 100 times how long the price would be up?? I have no clue. I guess it depends on what we hear the damage is in the gulf when we wake up in the morning.
When I left the store it was obvious the consumer has heard the warnings as cars were circling the pumps. I can't imagine how frantic it will be when everyone gets off work and turns on the radio on the ride home.

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