NYMEX has gasoline for Oct Delivery to the NY Harbor for 2.76.
The Oct price climbed a whopping 17 cents for the day. If the futures traders don't expect a price change in a few weeks - why should Chicken Little be worried.
The only big news was that Colonial Pipeline - that delivers refined products to our state - they are the Greensboro Terminal and Selma Terminal shut down as Ike rolled in. However, they were at full capacity on the 10th.
http://www.colpipe.com/press_release/pr_92.asp
Here's another interesting tidbit for their FAQ:
5. How fast do products move in the pipeline?
At about three to five miles per hour in mainlines. The greater the volume being transported on a given day, the faster the product moves. It generally takes from 14 to 24 days for a batch to get from Houston, Texas to the New York harbor, with 18.5 days the average time.
So how much fuel do you reckon is in the system?
