Hurricane Ike Brings Record Gasoline Prices to Mid-America
Going Like Sixty — September 14, 2008 — Eco
References: wsmv
Hurricane Ike has put gas prices at over $5 in middle America. As more and more service stations tell their customers that they are all out of gas, some of those customers have become increasingly angry, and in some cases, have threatened to kill the store managers.
Hurricane Ike struck Galveston, Texas and exorbitant gasoline prices struck Nashville almost exactly at the same time. Gas immediately went to $5.29 per gallon. Hurricane Ike shut down oil rigs and refineries, but the storm was 800 miles away and it never rained in Nashville because of Hurricane Ike. The perceived shortage even caused some shortages of gasoline.
Hurricane Ike struck Galveston, Texas and exorbitant gasoline prices struck Nashville almost exactly at the same time. Gas immediately went to $5.29 per gallon. Hurricane Ike shut down oil rigs and refineries, but the storm was 800 miles away and it never rained in Nashville because of Hurricane Ike. The perceived shortage even caused some shortages of gasoline.
Trend Themes
1. High Gas Prices - The record high gas prices caused by natural disasters such as Hurricane Ike are highlighting the need for alternative energy sources and sustainable transportation options.
2. Gasoline Shortages - The perceived gasoline shortage caused by panic buying and hoarding is revealing the importance of efficient supply chain management and demand forecasting.
3. Angry Consumers - The angry reactions of consumers towards gas price hikes are underscoring the need for transparent communication and customer-centric approaches in the fuel industry.
Industry Implications
1. Alternative Energy - The high gas prices caused by Hurricane Ike are creating a market opportunity for alternative energy solutions such as electric vehicles and renewable fuels.
2. Supply Chain Management - The gasoline shortages caused by panic buying are creating a need for better supply chain management and logistics optimization in the oil and gas industry.
3. Customer Service - The angry reactions of consumers towards gas price hikes are highlighting the importance of customer service and customer retention strategies in the fuel retail industry.
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