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Gas Prices Skyrocket. Rationing and Shortages Reported

Gas prices jumped 17 cents to $2.87 on the Fuel Guage Report. However, that number may low as gas prices are rising by the hour in some locations. GasPriceWatch.com shows the national average at $3.08 and GasBuddy.com shows it at $3.01. And locally prices have spiked with some very high reports of $5 or $6 a gallon for regular unleaded in Atlanta. Shortages have also been reported in areas. Many people complaining about price gouging. The Washington Post reports that thousands of people have called in to the Feds complaining about gas price gouging.
The Energy Department reported more than 5,000 calls to its price gouging hotline Thursday from around the country, although officials emphasized there was no way to immediately determine how many of the allegations were valid.
Many cities are reporting big spikes in gas prices. One newspaper in Colorado, the Colorado Springs Gazette, reported that some consumers said Tuesday that the prices were going up as they watched.
"I went in McDonald's to get lunch, and when I came out, gas at the station across the street was 6 cents higher," said Black Forest resident Evelyn Shinn, who was filling her tank at a BP station on North Academy Boulevard during her lunch break. "I'm not happy at all," she said.


Posted on September 2, 2005





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