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Hurricane Rita could mean $5 gas
Remember when gas spiked to $3-plus a gallon after Hurricane Katrina? By this time next week, that could seem like the good old days. Experts are guessing that gas could reach $5 a gallon if the storm hits mission critical oil-refineries. Better fill up your tank now just in case!
"We could be looking at gasoline lines and $4 gas, maybe even $5 gas, if this thing does the worst it could do," said energy analyst Peter Beutel of Cameron Hanover. "This storm is in the wrong place. And it's absolutely at the wrong time," said Beutel. Just about all of Texas's refinery capacity lies in that at-risk zone.
Posted by | Wed, Sep 21, 2005 - 01:58 PM
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