Fuel prices and the terrorist attack: supplies OK

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Date: 2001-09-12

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Not long after the terrorist attack on the Trade Center on September 11, fuel prices began to spike up at some truck stops and gas stations, reports eTrucker Web site. Fuel card provider Comdata tracked 1,400 of them.

Hiked prices ranged from a peak of $4 per gallon for regular gasoline at some stations in Oklahoma to just a few cents or no price rise at all in some areas. The average price rise was 12 cents, according to Comdata. The greatest price swing was found in the Midwest, where diesel prices were raised more than 8 cents a gallon. "Analysts believe suppliers are pricing higher to mitigate panic buying of petroleum products and trying to maintain available supply for consumers," ... Industry truck stop suppliers are posting higher retail prices where some represent increases as high as $0.65 cents per gallon."

The oil industry, however, says nothing is amiss with fuel supplies and "prices should return to normal in a few days." Read the eTrucker article

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