It’s like the 70s all over again in Atlanta. Given the current situation on the gulf coast, the oil companies have decided to participate in their favorite sport: price gouging.
Even now, the price has risen 70 cents at nearby gas stations since lunch (to $3.40). Yes you read that right. 70 cents in four hours. There are lines at gas stations that spill out in the street. A coworker reported that a few stations are saying they are out of gas as well. I realize that Katrina will have a big impact on gas prices and availability, but after only 3 days? Two pipelines from the gulf come through Atlanta, but the city is surrounded by terminals that store the stuff.
Follow the madness here.
UPDATE: And there’s more.