Gas Prices

Monday, September 26, 2005

Hurricane Rita Spikes Gas Prices

From ABC News:

Pump prices, which are already 47 percent higher than a year ago at $2.75 per gallon, could once again climb above $3 a gallon nationwide, analysts said. Supply snags are most problematic for the Gulf Coast, but markets in the East and Midwest are also vulnerable.

Twenty refineries along the Gulf Coast remained closed on Saturday, including four that were badly damaged by Hurricane Katrina almost a month ago. They account for 19 percent of total fuel refining capacity nationwide.

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