Panic buying and hoarding add to long lines and outages at gas stations as Colonial Pipeline shutdown drags on
May 12, 2021 / 6:56 AM / CBS News Panic buying leads to gasoline shortage
The company that runs the Colonial Pipeline hopes to restore much of its operations by the end of the week. Until then, reports CBS News Laura Podesta, government officials and industry experts are sounding the alarm about drivers making matters worse by panic buying and hoarding gas.
S&P s Oil Price Information Service said more than 1,000 stations were experiencing shortages, The Associated Press reported. A lot of that is because they re selling three or four times as much gasoline that they normally sell in a given day, because people do panic. It becomes a self-fulfilling prophecy, S&P analyst Tom Klouza told the AP.
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Proposed development could bring Costco to Queen Creek
Check the price tags! If it ends in $0.97, the item has been marked down.
and last updated 2021-03-01 12:37:52-05
QUEEN CREEK, AZ â Even in the middle of a pandemic, the Town of Queen Creek has welcomed many new businesses within the last year â Trader Joeâs, Total Wine & More, Barrio Queen, and Hampton Inn by Hilton, the first hotel to open there.
While it is still early in the process, it appears that another major retailer is looking at the possibility of coming to the area â Costco Wholesale.
A spokesperson for the Town of Queen Creek confirmed to ABC15 that a developer has submitted initial plans to the town that would include a Costco warehouse. ABC15 obtained those documents through a public records request.