Asheville Mountain Real Estate Blog

Asheville, NC real estate for sale. Information for buyers, sellers and mountain homeowners, without pressure. Rich content for those who are far away about what it is like to live here through the generous use of media. And some nostalgia with our, "Baby Boomers' Fun Stuff", Thanks for stopping by.

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Location: Mars Hill, NC, United States

A small, highly personalized real estate firm specializing in mountain homes and land in greater Asheville.

Monday, September 15, 2008

In New York It's Lehman, In Asheville, It's Gasoline

With the events surrounding Lehman Brothers et. al., "The American financial system was shaken to its core on Sunday".

In greater Asheville however, the availability of gasoline is our more immediate concern, and the culprits are the recent hurricanes in The Gulf of Mexico.

In a nutshell, everything from crude production, to electricity for pipelines has been disrupted. The result is that only a fraction of normal deliveries are being made to local retail locations. In an extremely informal poll, we found that retail outlets are being limited to something like 30% to 50% of normal.

The Citizen Times reports today that prices have set a new record and that "many stations had run out of fuel to sell". In our own home town of Mars Hill yesterday, gasoline was completely unavailable.

Best option we found was a $20.00 limit, 11 miles north of town. The Governor has declared a "state of abnormal market disruption", and is urging calm. Prices vary wildly, from maybe $4.14/gallon to $4.75/gallon.

This slideshow of gasoline stations around the region tells the current story. We will keep you posted.

Filed Under: Asheville Items

2 Comments:

Blogger Kelly said...

Problem is, everyone ran out to get gas before the storm hit because they knew prices would go back up. I feel pretty confident that things will settle down again shortly. But it stinks to be someone that happens to need gas in the next few days!

1:04 PM  
Blogger Black Bear said...

Kelly,
Totally agree with you, it's something like the run for groceries when it's going to snow, except you can always scrape together something to eat, not so with gasoline.

1:14 PM  

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