Motortopia: Where your passion parks

Motortopia: Where your passion parks.

Why Join Motortopia? So you can keep up with events... RSVP! Post Event Photos! Submit Events!

  1. cars
  2. bikes
  3. boats
  4. planes

Cars > Blogs > Official Motortopia Blog > Hurricane season could blow the gas money right out of your pocket

 

motortopia’s Profile Photo

motortopia

M
Lincoln, Nebraska
United States

 

Hurricane season could blow the gas money right out of your pocket

By corsa

June 1st marks the start of hurricane season. And experts are saying that gas prices could surge up to $6 per gallon if a hurricane hits in July. That's because a hurricane in the Gulf of Mexico, like Katrina or Rita, would disrupt refineries and pipelines in the southern U.S.

In fact, because of Katrina, gas prices today already have about 5 to 10 cents built into the price of gas by speculative traders. The NOAA are saying there is a 65% chance of a stronger-than-normal hurricane season, and only a 10% chance that it will be weaker.

On the other hand, they are saying that if we make it through hurricane season with no hits, gas prices could ease a bit. But, hurricane season isn't over until Nov. 30, so we have a long ways to go.

Wonderful.

Source: CNN

Log in to post comments.

Read comments on this blog post 1 – 3 of 3

kartrac3r’s Profile Photo
kartrac3r
Jun 2, 2008 at 6:48 pm
just my 2 cents.....I totally agree with what JerryandMary said. I also think that the oil companies are paying off people....Congress (honestly they dont make much ya know), and the Press. In the past months (even years since Katrina) the press keeps warning us of outragous gas prices. hell I even heard one nut case say $7 by this time next year......you know what's so messed up about it? I think the oil companies pay off the press to report prices like that so they can have attention deverted from them....after all the press warned us, so it's not the oil companies' fault that they are making record profits from these rediculous prices. So if the press warns us we should be prepared by the time that those prices come and wont be so pissed at Big Oil
 
JerryandMary’s Profile Photo
JerryandMary
Jun 2, 2008 at 6:08 pm
Honestly, I think we are looking at the largest price fixing scam in the history of our planet. I think big oil lies to congress, and it does not matter as congress has no interest in the truth. The whole problem with the economy is related to the price of gas. Job loss, tourism, everything is related. The Saudi's are making a damn fortune and you know they are not our friends. RRANT, RANT, RANT. Thanks I got it out of my system for a little while.

Jerry
 
scc24540’s Profile Photo
scc24540
Jun 2, 2008 at 6:00 pm
trust me corsa d00d you do NOT have to warn me about this, i live 3 blocks from the ocean in myrtle beach and ive been thru a ton of canes, with they saying 12 named storms and 5 severe ones for this season i can only sit back and dread either way hit or miss gas prices here are just gonna go ridiculous
 

view more

Download Drive Magazine Now!
 

Cars > Blogs > Official Motortopia Blog > Hurricane season could blow the gas money right out of your pocket

Print your passion at Motortopia.com (http://www.motortopia.com)