IconoclasT wrote:

Mike the Usurper wrote:
Okay nothing fancy, I just felt like starting a pool for what gas prices will be as on Labor Day. Taking Katrina into consideration, I'll guess $3.15.

No prizes or anything, I can't afford gas now, so I'm glad I bought that bicycle!

I'll bet on $2.85

I traded my 15mpg 4x4 V8 Tundra for a 45mpg Jetta TDI a few weeks ago. Talk about timing. :-)

Katrina Drives Energy Prices

In addition to refineries and oil platforms, critical infrastructure that remained out of service included:

• the Louisiana Offshore Oil Port, the largest oil import terminal in the United States.

• the Colonial Pipeline, which transports refined products such as gasoline, heating oil and jet fuel from Houston to markets as far away as the Northeast.

• the Plantation Pipe Line, which transports fuel from refineries in Mississippi and Louisiana to consuming markets as far away as northern Virginia.

• the Capline pipeline system, which transports crude oil from the Gulf to the Midwest.

Gas up the cars now, this is going to get much worse before it gets better. The area Katrina hit has about 10% of the production, 10% of the refining capacity, and close to 50% of the import capacity. Virtually none of that is operational, and there is no idea what the total damage is that needs to be repaired to bring it back online.

$3.19 this morning!

RE: Gas Price Pool!