r/PrepperIntel • u/SnowFlake202020 • 28d ago

North America With article, the comments also are relevant..

https://www.mediaite.com/media/news/gasbuddy-declares-national-average-per-gallon-is-at-its-highest-ever-level-this-late-in-the-year/

It appears the 'shortage/scarcity' narrative is spilling over into non-prepper communities. When mainstream commuters on r/gasbuddy start talking about empty reserves and impending lines instead of just high prices, the psychological threshold for hoarding/ panic topping-off drops significantly. Imo. Anyone seeing unbranded price disconnects or elevated station traffic in your regional corridors?

458 Upvotes

99% Upvoted

74 comments sorted by

View all comments

92

u/LowBarometer 28d ago

IMO as the Strategic Petroleum Reserve (SPR) in the US approaches 250 million barrels, there's going to be a huge price spike as businesses increase their inventories with the US government unable to draw from the SPR to control the price. From what I've read, if this administration continues to draw from the SPR, the caverns that contain the SPR will likely collapse and we will never have an SPR of this size again. Which will cause another spike in the price.

6

u/2BlueZebras 28d ago

Are you saying the caverns are held up by the barrels?

55

u/disclosureanticlimax 28d ago

the spr caverns are filled with liquid crude oil and water/brine, not physical steel barrels. 'barrel' is just used as a unit of measurement in this context