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Gas Prices are Scheduled to Rise on September 1st, 2005

While this is not fully confirmed, what I've been told suggests that gas prices will dramatically increase come September 1st, 2005 in the wake of Hurricane Katrina that struck the southeast area of United States, some more than others. Larger gasoline distributors (eg. Shell, Exxon, Mobil) will have access to purchase additional, but limited, gas supplies while the smaller, independent "cash-only" gasoline distributors (eg. Freestate, Liberty) will not have such access. This means that the smaller "cash-only" gas stations will have to raise their prices at a higher mark-up than the larger chain gas-stations.

These smaller "cash-only" gas stations normally sell gas at a lower price than the larger chains mainly because they don't have the overhead of credit card surcharges and fees. However, some of these "cash-only" station have already raised prices higher than their larger competitors (Shell, Exxon, etc.). The Freestate station in Rockville, Maryland, on the corner of Hungerford Drive (Rockville Pike) and N. Washington Street, has already raised its prices for regular unleaded from $2.91 (in the morning) to over $3.00 just this afternoon; they're likely to raise their prices again when their supply becomes scarce.

An Exxon gas station owner on the same street of N. Washington in Rockville, Maryland mentioned that he had purchased 6,000 gallons for delivery to his station on September 1st and will be raising his price slightly but will still be under $3.00 a gallon.

You may want to fill up your gas tanks before September 1st, 2005.

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Tags: gas prices
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