U.S. oil group says no need to ration gasoline yet (* asked tell conserve)

&cap=A%20woman%20walks%20past%20a%20sign%20displaying%20gas%20prices%20in%20San%20Francisco,%20California,%20August%2031,%202005.%20To%20make%20more%20fuel%20available%20in%20the%20wake%20of%20Hurricane%20Katrina,%20the%20Bush%20administration%20said%20Wednesday%20it%20will%20waive%20certain%20air%20pollution%20regulations%20for%20gasoline%20and%20diesel%20in%20all%2050%20states.%20REUTERS/Kimberly%20White

Americans should conserve gasoline as supplies shrink in the wake of Hurricane Katrina, but there is no need for the federal government to ration fuel at this point, a major U.S. oil industry trade group said on Wednesday.

Nine major oil refineries accounting for about 11 percent of total U.S refining capacity were shut by the powerful storm. Several pipelines are unable to ship gasoline from Gulf Coast refiners to markets elsewhere in the nation.

"It is becoming increasingly evident that the impact of this devastating storm on oil and natural gas operations will be significant and protracted," American Petroleum Institute President Red Cavaney told reporters at a briefing about the hurricane damage.

To help get through the supply problems, Cavaney urged American motorists "to take seriously common-sense energy conservation recommendations" and reduce driving.

The API asked the Bush administration to make promoting gasoline-saving a key part of the government's hurricane recovery plan, he said. "We hope with presidential leadership it will get that kind of attention," Cavaney said.

But Bush did not ask Americans to reduce gasoline....

Many stations are out!

Give 'em time to run the price up a few more dollars, and to pad their "rainy-day" savings accounts, then we can start rationing.

price gouging?

You know that the gasoline they are selling today did not cost what the OCTOBER CRUDE FUTURES closed at today.

:grr:

:rofl:

f*cking bastards.