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Author Topic: Hurricane Harvey  (Read 38700 times)

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Offline JayCee

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Re: Hurricane Harvey
« Reply #315 on: September 01, 2017, 11:54:00 AM »
Didn't really expect a lot with Harvey in my area, as downsloping won the day with a southeast wind flow over the mountains.  Most areas in Sevier, Jefferson and Cocke counties rec'd about .25-.35" through the whole event.  I recorded .22".  Go just a little west into Knox county (out of the Smokies rain shadow) and quite a bit more fell (.50-.90"). Those totals in Knox do not include what fell this morning.  Over here, just a few light showers were noted after daybreak.
« Last Edit: September 01, 2017, 11:57:07 AM by JayCee »
"For many years I was self-appointed inspector of snowstorms and rainstorms, and did my duty faithfully, though I never received one cent for it.." 
Henry David Thoreau

Offline justinmundie

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Re: Hurricane Harvey
« Reply #316 on: September 01, 2017, 12:39:40 PM »
Of course they are gouging.  Gas is up over .30 in Memphis since yesterday. 

Why would Houston refinery's shutting down affect the mid south gas supply? Valero in Memphis refines almost of the gas used in the area, and their crude is largely barged in, and some other comes via pipeline.

Because supply in the united states is lower, and they are having to compete with areas that need gas, who are willing to pay more.

Markets are pretty efficient. Price gouging is how markets make sure to allocate resources to the areas that need them most. If I'm a supplier in Memphis, and I've got gas, and someone is willing to pay me a much higher return to get that gas to Texas, rather than sell it in Memphis, I'm going to do that.

If people don't "gouge" prices, then you run out of stuff. Price is how you slow down demand.
Snow lover who moved to a place where it never snows.

Offline Curt

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Re: Hurricane Harvey
« Reply #317 on: September 01, 2017, 12:57:49 PM »
Ended up just north of 7 inches of rain overnight. We are soggy and short of some of the usual roads flooding, it was relatively painless. Harvey while extra tropical, was basically a tropical storm like system. I was more than impressed with the hi res Nam and it's validation of 60mph wind gusts which added to the driving rain.

 

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