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

 

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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

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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
 

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

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