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Lobby General Discussion topic #13432395

Subject: "Looks like we're about to panic buy our way into a gas shortage" Previous topic | Next topic
MEAT
Member since Feb 08th 2008
21077 posts
Tue May-11-21 03:48 PM

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"Looks like we're about to panic buy our way into a gas shortage"


  

          

https://jalopnik.com/it-sure-seems-like-a-massive-gas-shortage-is-just-about-1846867490

1st Gear: Gas Stations Are Running Out Of Gas On The East Coast

This is because the Colonial Pipeline was hacked last week and has been shut down since Friday. The expectation is that it might not be back online again until this weekend at the earliest, according to Bloomberg. When it’s operating, around 2.5 million barrels are shipped each day on the pipeline, which is America’s biggest and primarily serves the East Coast. Nearly half of all the East Coast’s gasoline, diesel, and jet fuel comes through the pipeline, meaning that its shutdown will have effects well beyond cars.

From Virginia to Florida and Alabama, fuel stations are reporting that they’ve sold out of gasoline as supplies in the region dwindle and panic buying sets in. The White House said it was aware of shortages in the Southeast of the country and was trying to alleviate the problem.

Four days into the crisis, Colonial Pipeline Co. has only managed to manually operate a small segment of the pipeline — as a stopgap measure — and doesn’t expect to be able to substantially restore service before the weekend. The risk is that by that point drivers or airlines may already be suffering severe fuel shortages, while refineries on the Gulf coast could be forced to idle operations because they have nowhere to put their product.



In Asheville, North Carolina, Aubrey Clements, a clerk at an Exxon Mobil Corp. station answered the phone with “Hello, I’m currently out of gas.” The Marathon gas station in Elizabethtown, North Carolina, had roughly two dozen cars waiting to fuel up, said an employee there.

Drivers pulling into a station with a sign offering unleaded gasoline for $2.649 per gallon in Manning, South Carolina, were met with pumps covered in yellow and red “out of service” bags. An estimated 7% of gas stations in the state of Virginia were out of fuel as of late Monday, according to GasBuddy analyst Patrick DeHaan.

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Topic Outline
Subject Author Message Date ID
i work in this industry. there is no shortage
May 11th 2021
1
Panic buying
May 11th 2021
2
gas isnt toilet paper. nm
May 11th 2021
3
      It's still a supply chain issue.
May 11th 2021
5
           Care to put a little wager on this?
May 11th 2021
6
                What is that bet? That there won't be a fuel shortage?
May 11th 2021
7
                     Pipeline is operational therefore no shortage
May 11th 2021
8
                          I don't think the pipeline is the driver of the shortage. I think demand...
May 11th 2021
9
                          Yeah no, I don't think you get how panic shortages work.
May 12th 2021
19
                               Very few retail outlets will runout.
May 12th 2021
21
                               15% of Virginia gas stations are without fuel
May 12th 2021
23
                                    Some say 8%. That means 92% do.
May 12th 2021
24
                                    7 gas stations didn’t have gas in my area
May 12th 2021
31
                                         what does everybody need all this gas for??? Pandemic over??
May 12th 2021
32
                                              its the south.. Pandemic IS in some areas to hear them tell it
May 12th 2021
34
                                                   Shit's bananas...smh.. just read that pipeline will be back up midday...
May 13th 2021
40
                                                        Panic buying induces more panic buying.
May 13th 2021
41
                               lol
May 12th 2021
37
is there something I can read that explains how oil pipelines work
May 11th 2021
10
Ironically my first job out of college was for an oil and gas pipeline
May 11th 2021
13
im in NC and witnessed these long lines first hand today...
May 11th 2021
12
got 2 and 1/2 electric cars...be fine either way
May 11th 2021
4
This u?
May 11th 2021
11
Lots of garages and sheds about to blow up in the southeast, then
May 12th 2021
14
North Carolina STAY over reacting to shit.....smh...
May 12th 2021
15
That’s because NC is in America
May 12th 2021
18
      America stay overeacting to shit....SMH...
May 12th 2021
20
Sadness from comedy
May 12th 2021
16
I hope they store that properly...
May 12th 2021
17
Good god.
May 12th 2021
22
It get stupider
May 12th 2021
26
      The link didn't work.
May 12th 2021
33
There will be those located in southern or rural areas
May 12th 2021
25
Why do you think southern or rural areas will react worst?
May 12th 2021
27
      because that is where the shortage is? NC declared a state
May 12th 2021
28
      You got people in LA, Chicago, and NYC who use driving services
May 12th 2021
35
Got more internal info...I take back everything I typed
May 12th 2021
29
Burn gas waiting in line to buy gas..... WPOTGIT??
May 12th 2021
30
there are lines everywhere in NC this shit is hilarious
May 12th 2021
36
The run on gas was unnecessary in this area (swipe)
May 13th 2021
38
lol
May 13th 2021
39
Telling people not to panic is exactly how you get people to panic
May 13th 2021
42

Binlahab
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Tue May-11-21 03:54 PM

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1. "i work in this industry. there is no shortage"
In response to Reply # 0


  

          

the pipeline shut down is real but it will be resolved soon.

there will be a spike in price in the short term esp on the east coast

however the terminals have the product. when the pipeline comes back online it wil be flowing again

the price wont go down tho.


on sabbatical.

does it really matter?

wonder what bin's doing?
http://i.imgur.com/phECCMp.jpg

  

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MEAT
Member since Feb 08th 2008
21077 posts
Tue May-11-21 04:01 PM

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2. "Panic buying"
In response to Reply # 1


  

          

https://www.psychologytoday.com/us/blog/evidence-based-living/202003/the-science-panic-buying-and-how-stop-it

We didn't have a shortage of toilet paper either. We had a supply chain issue. People panicked, bought in bulk, the supply chain couldn't replen because truck space is limited and therefore a shortage happened.

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Binlahab
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Tue May-11-21 04:04 PM

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3. "gas isnt toilet paper. nm"
In response to Reply # 2


  

          


on sabbatical.

does it really matter?

wonder what bin's doing?
http://i.imgur.com/phECCMp.jpg

  

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MEAT
Member since Feb 08th 2008
21077 posts
Tue May-11-21 04:16 PM

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5. "It's still a supply chain issue."
In response to Reply # 3


  

          

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Binlahab
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Tue May-11-21 04:36 PM

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6. "Care to put a little wager on this?"
In response to Reply # 5


  

          

I say the pipeline will be fully operational before this sunday. It will cause significant short term angst and have a bunch of people tripping but anyone who wants gas will be able to get it...by Sunday LATEST.

Might be up by Friday.

How abt small money. $5. Gentlemen's bet.

  

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MEAT
Member since Feb 08th 2008
21077 posts
Tue May-11-21 04:39 PM

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7. "What is that bet? That there won't be a fuel shortage?"
In response to Reply # 6


  

          

Or that the pipeline will be operational?

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Binlahab
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Tue May-11-21 04:53 PM

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8. "Pipeline is operational therefore no shortage"
In response to Reply # 7


  

          

However the price will still be sky high because...


on sabbatical.

does it really matter?

wonder what bin's doing?
http://i.imgur.com/phECCMp.jpg

  

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MEAT
Member since Feb 08th 2008
21077 posts
Tue May-11-21 04:55 PM

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9. "I don't think the pipeline is the driver of the shortage. I think demand..."
In response to Reply # 8
Tue May-11-21 04:55 PM by MEAT

  

          

Will be.

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Buddy_Gilapagos
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Wed May-12-21 09:33 AM

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19. "Yeah no, I don't think you get how panic shortages work. "
In response to Reply # 8


  

          


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

  

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Binlahab
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Wed May-12-21 10:05 AM

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21. "Very few retail outlets will runout."
In response to Reply # 19


  

          

The price will spike.

Customers will pay because they think there is a shortage or they may run out.

Terminals have product.

The pipelines are intact

This is an it issue a complex one but a bit issue

It's not like there IS no gas.

Or that the pipelines dont work

Or that the trucks do not run.

There is no shortage.

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15439 posts
Wed May-12-21 10:31 AM

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23. "15% of Virginia gas stations are without fuel"
In response to Reply # 21


          

The percentage of gas stations without fuel was about 15% in Virginia and 3.5% in Maryland as of early Wednesday, analyst Patrick De Haan said.

The pipeline outage is contributing to supply chain issues, but consumers flocking to fill up their tanks is also contributing to shortages.

One analyst, Tom Kloza, dubbed the phenomenon #FOMOG: fear of missing out on gas.

https://www.nbcwashington.com/news/local/transportation/are-there-gas-shortages-in-dc-maryland-virginia-what-to-know-after-colonial-pipeline-shutdown/2669321/

  

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Binlahab
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Wed May-12-21 10:35 AM

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24. "Some say 8%. That means 92% do. "
In response to Reply # 23


  

          

That's a few.

Hence


on sabbatical.

does it really matter?

wonder what bin's doing?
http://i.imgur.com/phECCMp.jpg

  

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legsdiamond
Member since May 05th 2011
70313 posts
Wed May-12-21 11:54 AM

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31. "7 gas stations didn’t have gas in my area"
In response to Reply # 23


          

and the 2 that did had lines wrapped around the block like it was the 70’s.

I couldn’t even get into the strip mall parking lot where Costco is because the lines were so long.

Wife was able to find gas this morning but checking gas buddy most places were out.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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FLUIDJ
Member since Sep 18th 2002
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Wed May-12-21 11:57 AM

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32. "what does everybody need all this gas for??? Pandemic over?? "
In response to Reply # 31


  

          

folks need to just sit their asses down somewhere and lamp....


"Get ready....for your blessing....."
"Bury me by my Grand-Grand and when you can come follow me"

  

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legsdiamond
Member since May 05th 2011
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Wed May-12-21 12:20 PM

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34. "its the south.. Pandemic IS in some areas to hear them tell it"
In response to Reply # 32


          

my wife is a teacher and has to work in person. She had 80 miles left yesterday.

People driving down here

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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FLUIDJ
Member since Sep 18th 2002
43696 posts
Thu May-13-21 10:38 AM

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40. "Shit's bananas...smh.. just read that pipeline will be back up midday..."
In response to Reply # 34


  

          

do you regularly keep both cars topped off?
We always try to keep tanks above half full...but we HAVE gotten lazy/forgetful over the past year since we haven't been driving anywhere. Been filling up like every 5 - 6 weeks....
The VW is sitting on 1/4 tank....that'll get us through mid June lol...

  

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MEAT
Member since Feb 08th 2008
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Thu May-13-21 10:43 AM

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41. "Panic buying induces more panic buying. "
In response to Reply # 40


  

          

Which at a certain point creates a supply chain issue since ultimately we're talking about tankers, trucks, and drivers capacity to meet demand.

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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MEAT
Member since Feb 08th 2008
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Wed May-12-21 05:54 PM

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37. "lol"
In response to Reply # 19


  

          

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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Rjcc
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Tue May-11-21 05:22 PM

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10. "is there something I can read that explains how oil pipelines work"
In response to Reply # 1


          

because my only takeaway from this whole thing is that I don't understand it at all.


all this different types of gas from different companies is flowing in one set of pipes? is there someone who will explain it to me like I'm the dummy I am


www.engadgethd.com - the other stuff i'm looking at

  

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MEAT
Member since Feb 08th 2008
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Tue May-11-21 08:40 PM

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13. "Ironically my first job out of college was for an oil and gas pipeline "
In response to Reply # 10


  

          

modeling software company.
I literally wrote a manual and user guide on the stuff that still ships with the software.
But 🤷🏾‍♂️

------
“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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mikediggz
Member since Dec 02nd 2003
9467 posts
Tue May-11-21 08:08 PM

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12. "im in NC and witnessed these long lines first hand today..."
In response to Reply # 1
Tue May-11-21 08:09 PM by mikediggz

  

          

this shit is wild

  

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tomjohn29
Member since Oct 18th 2004
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Tue May-11-21 04:07 PM

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4. "got 2 and 1/2 electric cars...be fine either way"
In response to Reply # 0


  

          

______________________________________

Navem nu, cuando sol
Tutu nu, vondo nos nu
Vita em, no continous non
Nos nu ekta nos sepe ta, amen

When the sun shades the ship
We sweat and life is not safe
To swim or to touch not
When we unite we hedge amen

  

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dagu
Member since Nov 25th 2005
1511 posts
Tue May-11-21 06:16 PM

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11. "This u?"
In response to Reply # 4


  

          

https://www.youtube.com/watch?v=I__4wuGLTAM

---------------------

http://www.last.fm/user/dagu85

  

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DJR
Member since Jan 01st 2005
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Wed May-12-21 07:00 AM

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14. "Lots of garages and sheds about to blow up in the southeast, then"
In response to Reply # 0


  

          

  

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FLUIDJ
Member since Sep 18th 2002
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Wed May-12-21 07:12 AM

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15. "North Carolina STAY over reacting to shit.....smh..."
In response to Reply # 0


  

          

  

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legsdiamond
Member since May 05th 2011
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Wed May-12-21 08:55 AM

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18. "That’s because NC is in America"
In response to Reply # 15


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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FLUIDJ
Member since Sep 18th 2002
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Wed May-12-21 09:50 AM

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20. "America stay overeacting to shit....SMH..."
In response to Reply # 18


  

          

  

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Numba_33
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Wed May-12-21 08:10 AM

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16. "Sadness from comedy"
In response to Reply # 0


  

          

https://twitter.com/RMcElhenney/status/1392271811916693506

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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luminous
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Wed May-12-21 08:48 AM

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17. "I hope they store that properly..."
In response to Reply # 16


  

          

--
Sometimes you have to look reality in the face and say 'No!'
-Ben (Reaper)

  

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Brew
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Wed May-12-21 10:30 AM

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22. "Good god."
In response to Reply # 16


          

----------------------------------------

"Fuck aliens." © WarriorPoet415

  

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Buddy_Gilapagos
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Wed May-12-21 11:02 AM

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26. "It get stupider"
In response to Reply # 16


  

          

https://twitter.com/shOoObz/status/1392296665294512132

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

  

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Numba_33
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33. "The link didn't work."
In response to Reply # 26


  

          

Of hand guess; was it the person putting gas into a spilling/splitting plastic shopping bag?

"Sean sparks like John Starks, nah, Sean ball like John Wall" - Rest In Power Forever Sean Price.

  

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allStah
Member since Jun 21st 2014
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Wed May-12-21 11:00 AM

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25. "There will be those located in southern or rural areas "
In response to Reply # 0


          

who will overreact, but the entire country will not respond in the same way.


Oil ETFs and Stocks will spike in price. That’s for sure, so now would be a great time
to take some profit off the table, and go back in when oil stocks drop once things return
to normal.


HIS NAME IS MASON MOUNT
Bulls | Bears | White Sox | Yankees | Notre Dame | Illinois | Chelsea | Real Madrid

  

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Buddy_Gilapagos
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Wed May-12-21 11:03 AM

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27. "Why do you think southern or rural areas will react worst?"
In response to Reply # 25


  

          


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

  

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legsdiamond
Member since May 05th 2011
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Wed May-12-21 11:17 AM

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28. "because that is where the shortage is? NC declared a state "
In response to Reply # 27


          

of emergency

so of course people ran to the pumps as soon as it was announced.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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allStah
Member since Jun 21st 2014
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Wed May-12-21 12:33 PM

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35. "You got people in LA, Chicago, and NYC who use driving services"
In response to Reply # 27
Wed May-12-21 12:42 PM by allStah

          

and there are those who drive hybrids or electric cars.

Taxi, Uber, and Lyft drivers might start panic buying, but I don’t
think regular drivers in metro areas will go into that mode.
Their travel distance is less than those in the south or rural areas.

People in NC and Georgia are already panic buying.

HIS NAME IS MASON MOUNT
Bulls | Bears | White Sox | Yankees | Notre Dame | Illinois | Chelsea | Real Madrid

  

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Binlahab
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Wed May-12-21 11:47 AM

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29. "Got more internal info...I take back everything I typed"
In response to Reply # 0


  

          

Nowwww you can panic.

  

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FLUIDJ
Member since Sep 18th 2002
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Wed May-12-21 11:53 AM

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30. "Burn gas waiting in line to buy gas..... WPOTGIT??"
In response to Reply # 0


  

          

  

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BrooklynWHAT
Member since Jun 15th 2007
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Wed May-12-21 12:52 PM

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36. "there are lines everywhere in NC this shit is hilarious"
In response to Reply # 0
Wed May-12-21 12:52 PM by BrooklynWHAT

  

          

.

<--- Big Baller World Order

  

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Marbles
Member since Oct 19th 2004
21810 posts
Thu May-13-21 10:09 AM

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38. "The run on gas was unnecessary in this area (swipe)"
In response to Reply # 0


  

          


Some gas stations here ran out of gas due to folks panicking. But apparently, that pipeline doesn't even deliver most of our gas. We get ours shipped in.

https://www.tampabay.com/opinion/letters/2021/05/13/tampa-bays-gas-comes-by-ship-not-pipeline-letters/

Paralyzed pipeline fuels spike at pump | May 12

Our company supplies gasoline on the West Coast of Florida for Shell, Exxon Mobil, Marathon and Rally stations. The problems with the Colonial Pipeline have no impact on gasoline supplies in the Tampa Bay area simply because all of our petroleum comes to Tampa by ship and barge. But today, panic buying by uninformed people buying at rates far above normal are draining tanks faster than our trucks can refill them. We are at our delivery limits trying to keep product in stores, even as there is no shortage in the tanks in Port Tampa Bay. This “shortage” is caused by customer behavior, not a problem in a faraway pipeline. This is the same problem we deal with every hurricane season when drivers rush to their station to top off when a storm threatens. It is the same cause that kept toilet paper shelves empty this time last year. Repeat: We have plenty of gas, so if we will only purchase what we normally need, the “shortage” here will disappear. Just be patient and give us a chance to catch up!

  

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MEAT
Member since Feb 08th 2008
21077 posts
Thu May-13-21 10:17 AM

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39. "lol"
In response to Reply # 38


  

          

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“There is no fate that cannot be surmounted by scorn.” -Albert Camus

  

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PimpTrickGangstaClik
Member since Oct 06th 2005
15439 posts
Thu May-13-21 10:45 AM

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42. "Telling people not to panic is exactly how you get people to panic"
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