Nat Towsen
👤 SpeakerAppearances Over Time
Podcast Appearances
After a month rather than six months.
And I remember in some choke points in the past or also like in times following Hurricane Irene or Hurricane Sandy, other natural disasters like that, when gas distribution was interrupted, you had like a run on gas stations in a lot of cases.
Like you saw, I mean, it happened in New York, but I know it happened all over the place.
But, you know, you saw people showing up to fill up with, you know, with cans and, you know, buying out these local gas stations.
How far are we from a run on gas?
Like at what point does the increase in prices speed up?
I mean, obviously you can't predict human behavior at a mass scale, but is there anything that tends to trigger that panic?
I'm curious if that's going to happen cursorily.
Would there be a run if prices start to get to the point where people say, oh shit, I can't pay for this next week if it keeps going at this rate?
Like a preemptive, not a supply...
based uh run but like if the cost hike increases in speed essentially as i said it's acceleration at this point right so if the prices accelerate at a certain level will people start to hoard gas will people will we see a huge buy-in for a moment like just yeah
We just can't afford the gas that we have because the lack of supply will just make it so expensive to the average consumer.
And I'm curious, am I incorrect in understanding this?
In other Western countries, I understand that people pay proportionately more per gallon for gasoline.
Our gas has been traditionally much more subsidized, and so we're used to a...
And, you know, the pound was almost double the dollar at the time and it was a comparable number.
And then I realized that was like one of the first times I experienced.
So we our price has just for decades been somewhat like artificially suppressed.