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Economy

“Very Shocked” – Las Vegas Residents Have Trouble Finding Gasoline

by Zero Hedge
April 23rd 2021, 2:07 am
Image Credit:
Creative Touch Imaging Ltd./NurPhoto via Getty Images
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A redux of the 1970s energy crisis had caused petroleum shortages and price spikes are currently playing out for different reasons in Las Vegas Valley.

Las Vegas social media users complained about Chevron Corporation’s gas stations raising fuel costs and even in some areas running out of various types of fuel. 

Chevron spokesman Tyler Kruzich told Las Vegas Review-Journal that shortages materialized at gas pumps across Vegas last weekend. 

“We are working to resupply those stations as soon as possible,” Kruzich said in an emailed statement Monday to the Review-Journal.

One Twitter user said“What’s going on with chevron ? All their gas pumps are shut down I went to three locations already.” 

Chevron’s Twitter account responded by saying: “Hi- Due to limits currently in operation on the pipeline serving the Las Vegas area, fuel deliveries have been impacted. Coupled with the increase in demand in the region due to travel and capacity restrictions being lifted, this has led to limited supplies available at times.” 

The energy company blames travel and capacity restrictions lifted, resulting in a surge of fuel demand for West Coast states that has outpaced available supply. 

Review-Journal spoke with Mat Stanley, of Las Vegas, who said several Chevron locations Monday were entirely out of fuel. 

“I went to three Chevron gas stations right by Red Rock Casino, all on Charleston,” Stanley said. “All of the gas pumps had a bag that said ‘Out of order’ and they only had diesel for all three locations. I was very, very shocked.”

Las Vegan Wendy Henriquez noticed multiple Chevron gas stations closed and/ or were out of lower-grade fuel.

She said: “When I got to North Las Vegas, I stopped at another Chevron (that) only had 91 and were out of 87 and 89.” Normally her fuel costs per tank is around $35 – but this time it cost her $50 because of increased prices with the use of premium fuel. 

Review-Journal provided several other accounts of Las Vegans who realized something was wrong when Chevron stations were closed or had limited fuel. 

“I usually pay $3.61 a gallon. This one was nearly $4 a gallon,” Cindy Preciado said, who stopped at several Chevron locations before find gas. “I was panicking. I only have 34 miles left on my car, and I didn’t know if I’m going to be able to make it to work if I drive to more locations. Gas is a necessity and if I have to spend more money, I have no other choice.”

The shortage of fuel and price increases in the Vegas area is centric to Chevron locations. All other gas stations are operating within routine operations. 

Besides the shortage, Nevadans are paying an average of $3.41 per gallon of regular gasoline, said AAA Nevada spokesman Sergio Avila. Last month, residents paid an average of $3.35 per gallon. 

The latest inflation data shows Americans are experiencing some of the fastest consumer price increases in more than a decade. The fuel oil index has increased 20.2% over the last 12 months. 

Of course, as Powell continues to soothe markets with constant jawboning, how there is nothing to worry about… as soaring consumer prices (such as fuel prices) is just a “transitory” phenomenon draining the pocketbooks of Americans.

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