Author Topic: What rumors and panic can do...  (Read 332 times)

loco

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What rumors and panic can do...
« on: September 20, 2008, 09:25:59 AM »
Nashville pumps dry after panic about rumor of no gas
September 19, 2008

Call it a self-fulfilling prophecy: An estimated three-fourths of gas stations in the Nashville, Tennessee, area ran dry Friday, victim of an apparent rumor that the city was running out of gas.

Officials said panic regarding a rumor of a lack of gas caused customers to to rush to the pumps.

 "Everybody has just gone nuts," said Mike Williams, executive director of the Tennessee Petroleum Council.

He said he has no idea about the origin of a rumor that there was going to be no gas in Nashville. One reporter called him, saying she had heard that Nashville would be without gas within the hour, he said.

Hearing the rumor, drivers rushed to fill their cars and trucks.

CNN called 13 Nashville gas stations at random. Only two reported having gas, and one said it was almost out. The stations said they were being told they would not get more until Monday or Tuesday.

Katie Givens Kime, visiting from Atlanta, Georgia, was trying to fill up her tank for the trip home when she ran into trouble -- when she was already low on gas.

"We panicked and looked online," she said. "And holy cow, there is no gas in the city. ... It has definitely gripped the city, for sure."

One store clerk told her there was no way she could get gas to go back home, she said.

Williams said some drivers were following gas trucks to see where they were headed, and lines at some stations were a mile long. Fuel was continuing to enter the city, however, as pipelines were working and barges were coming in.

He likened it to Southerners rushing out to stock up on bread and milk when they hear it might snow. As stations began running low, the situation snowballed, he said.

One station reported selling as much gas Friday as it usually does in a weekend, Williams said.

The phenomenon seemed to be isolated to the Nashville area, he said.

Givens Kime said she found a station online that still had gas and waited more than an hour to pump it.

"People were freaked out," she said. A "renegade bunch" of men helped direct traffic to and from the pumps, even taking drivers' cash inside for them. She described people filling cans and other containers as well as cars.

She said that the station was not engaging in price gouging but that "emotions were running very high" among drivers.

http://www.cnn.com/2008/US/09/19/nashville.gas/index.html

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Re: What rumors and panic can do...
« Reply #1 on: September 20, 2008, 09:53:37 AM »
same thing happened in SW Florida... a few stations were out for a week.

people i know that don't give a crap about politics, economics, etc were freaking out "Can I still get gas?"

Dos Equis

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Re: What rumors and panic can do...
« Reply #2 on: September 20, 2008, 10:34:44 AM »
I've seen this happen many times.  The last one involved some rumor that either an earthquake or tsunami was coming (something like that) and the stores were flooded with people buying up stuff. 

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Re: What rumors and panic can do...
« Reply #3 on: September 20, 2008, 10:41:18 AM »
People who own LOW and HD stock tend to celebrate every year as Florida and TX get hit by hurricanes.  I konw one guy who works for enterprise rent-a-car... he said their whole office was praying for terrible damage so they could sell and rent some vehicles.  Cold.