Me and my wife drove from Austin to visit some people in San Antonio yesterday. I made sure I had a full tank before departing.
My gosh! The people in San Antonio are just going berserk with panic buying. Every station that was open had a huge line of cars on the street waiting to get into the gas station. I’m sure glad I didn’t have to fill up there.
Going back to Austin, we passed through Bergheim, only about 24 miles away from downtown San Antonio, and their convenience store/gas station was open and while the pumps were busy, there was no line.
In Austin, open stations either had no line or only a short line to buy gas. But in San Antonio, the drivers are simply going nuts. It’s not that nobody is selling gas there, it’s that apparently everybody feels they need to top off their tank every day.
It’s the same psychology that causes runs on banks and stock market crashes. Stock prices go down because everybody is selling and everybody is selling because stock prices are going down.