Word: pumps
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Dates: during 2000-2009
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...When OPEC turns the tap off, it takes a few weeks for American consumers to feel the effect at the pump. The lag time for retail prices depends primarily on gasoline inventories. But when there's a fire at an Illinois refinery, as there was on April 28, it takes only a few days for the price of gas to spike at pumps in Detroit. Combine a fire in one place with a new regulation in another and you've got a national price spike like the one that happened last year, when a Michigan pipeline burst in June...
...Schupp is looking on the bright side. With gas at the pump now topping $2 a gal. in his neighborhood and seemingly headed higher, he figures it's payback for all those insufferable, phony-rich, new-economy yuppies in their view-blocking, death-dealing, friend-of-OPEC SUVs. "Gas will probably go to $3, and I applaud it," says the retired computer-company executive as he fills the tank of his light pickup truck at a station in Los Angeles. "I'd like to see all gas guzzlers off the road...
...refineries to keep cranking out that go juice. Some analysts are optimistic - without widespread problems at refineries, they say, there should be plenty of gas to go around, easing pump prices back to traditional summer levels by late July. (U.S. retail prices averaged $1.63 a gallon last week, 19 cents higher than in March and already above the $1.52 a gallon that the Energy Department had previously forecast for June...
...Worst case is pump prices and power bills go through the roof, whole incomes disappear, and everybody just skulks around feeling miserable. And not buying stuff...
...place some of the blame on chains, such as the Hard Rock Cafe and Rainforest Cafe, which have turned dining into event-style entertainment, replete with waterfalls and bossa nova. Eatertainment, as it's known, has spurred less gimmicky places to pump up the volume to compete. Result: a sonic boomlet...