INTRO
There was a panic at the pump on Tuesday as long lines formed and people waited long periods of time for gas. Chris DuPree has more from the capital on the "panic buying."
STORY
The concerns of a gas shortage was actualized in the form of long lines at the gas pumps throughout the state, waiting to fill their tanks.
This "panic buying" created a shortage at some stations and created high prices at others.
And even though there was no physical evidence a quick on-coming shortage, Ronald Leone, Executive Vice President of the Missouri Petroleum Marketers and Convenience Store Association, thinks people may have been preparing for one.
With a sales increase of at least 200 percent, gas retailers were feeling the crunch of losing fuel supply at a rapid rate.
Even with this loss, the majority of retailers kept their prices as resonable as they could in that high-demand market situation, with a few retailers charging extreme amounts in preparation of a possible shortage.
Chris DuPree for KMOX News.
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