Poppycock Posted May 12, 2021 Share Posted May 12, 2021 The current economic environment of increased inflation, high fuel prices and fuel availability may affect organizations bottom line negatively and alter plans of those who were considering attending events. Discuss 2 Quote Link to comment Share on other sites More sharing options...
JimF-LowBari Posted May 12, 2021 Share Posted May 12, 2021 3 minutes ago, Poppycock said: The current economic environment of increased inflation, high fuel prices and fuel availability may affect organizations bottom line negatively and alter plans of those who were considering attending events. Discuss When gas prices went from about 40 cents to over a dollar and economy going south (especially in rust belt) it helped kill lot of local corps that I am aware of. Can see it alerting corps and fans plans... 2 Quote Link to comment Share on other sites More sharing options...
Jurassic Lancer Posted May 12, 2021 Share Posted May 12, 2021 (edited) The current situation with the Colonial Pipeline shutdown is immediately impacting gas availability in the southeast and mid-Atlantic. That should certainly resolve itself by July, but gas prices were already creeping upward. It looks like with increased demand this summer combined with the underlying inflationary pressure that is emerging will have a negative impact on everyone’s travel plans. Edited May 12, 2021 by Jurassic Lancer 2 Quote Link to comment Share on other sites More sharing options...
keystone3ply Posted May 12, 2021 Share Posted May 12, 2021 (edited) This will negatively effect the Blue Devils & their return to winning the "World Champion' title. #MarchON #BAC2022 Edited May 12, 2021 by keystone3ply cx Quote Link to comment Share on other sites More sharing options...
rpbobcat Posted May 12, 2021 Share Posted May 12, 2021 29 minutes ago, Jurassic Lancer said: The current situation with the Colonial Pipeline shutdown is immediately impacting gas availability in the southeast and mid-Atlantic. That should resolve itself by July, but gas prices were already creeping upward. It looks like with increased demand this summer combined with the underlying inflationary pressure that is emerging will have a negative impact on everyone’s travel plans. They were talking about fuel prices this morning on CBS radio. There was also an article in The Record. Fuel prices have been going up rapidly in N.J., which they said were unrelated to the Colonial pipeline. NJ is at the end of the pipeline, and we have other fuel sources, so they said the impact of the shutdown isn't as severe as other places. According to ABC radio, they expect the pipeline to be fully restored over the weekend. That being said, the analysts they had on the radio said to expect fuel prices to keep going up for the foreseeable future. 2 1 Quote Link to comment Share on other sites More sharing options...
Continental Posted May 12, 2021 Share Posted May 12, 2021 (edited) 31 minutes ago, keystone3ply said: This will negatively effect the Blue Devils & their return to winning the "World Champion' title. #MarchON #BAC2022 With the success of their drive-in Bingo operations and their decision to not come out to Indianapolis this year, Blue Devils will save enough money to buy their own gas company and not have to worry about the price of fuel. Edited May 12, 2021 by Continental 1 3 Quote Link to comment Share on other sites More sharing options...
JimF-LowBari Posted May 12, 2021 Share Posted May 12, 2021 My section of PA just started going over $3. As a retired IT geek from the govt, concerned that the wake up call from the hack doesn’t seem to be having much effect 1 Quote Link to comment Share on other sites More sharing options...
RetiredMusTeach Posted May 12, 2021 Share Posted May 12, 2021 18 minutes ago, rpbobcat said: According to ABC radio, they expect the pipeline to be fully restored over the weekend. Hear, hear. And prices for gas typically go up in the summer due to vacationers so this has probably been factored into costs by most participating corps. 1 1 Quote Link to comment Share on other sites More sharing options...
Continental Posted May 12, 2021 Share Posted May 12, 2021 32 minutes ago, rpbobcat said: They were talking about fuel prices this morning on CBS radio. There was also an article in The Record. Fuel prices have been going up rapidly in N.J., which they said were unrelated to the Colonial pipeline. NJ is at the end of the pipeline, and we have other fuel sources, so they said the impact of the shutdown isn't as severe as other places. According to ABC radio, they expect the pipeline to be fully restored over the weekend. That being said, the analysts they had on the radio said to expect fuel prices to keep going up for the foreseeable future. I find it interesting that gas prices are going up so much considering that during the pandemic the use of fuel has decreased. -Airlines have cut routes dramatically. -The Cruise Ship industry on pause. -People working from home has reduced travel to/from work. Now that people are expected to go out and about much more, we see such high increases. Isn't there still a lot of oil in reserve at the moment? Is this an industry taking advantage of the situation to make up for lost profits during the past year? I've also suspected that the auto industry's increased development of EV vehicles is going to be met with higher fuel costs due to less demand from ICE vehicles. 3 Quote Link to comment Share on other sites More sharing options...
Ghost Posted May 12, 2021 Share Posted May 12, 2021 1 hour ago, Jurassic Lancer said: The current situation with the Colonial Pipeline shutdown is immediately impacting gas availability in the southeast and mid-Atlantic. That should certainly resolve itself by July, but gas prices were already creeping upward. It looks like with increased demand this summer combined with the underlying inflationary pressure that is emerging will have a negative impact on everyone’s travel plans. Don't forget the Keystone XL pipeline was cancelled in early January. Then a moratorium on oil, gas, and coal leases on about 700 million acres of federal land was imposed. 3 Quote Link to comment Share on other sites More sharing options...
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