Texas eyes Ike; drivers eye gasoline prices, supply

Texas eyes Ike; drivers eye gasoline prices, supply

www.wral.com

The threat of Hurricane Ike hitting Texas drove gasoline prices higher Thursday, including at some stations in the Triangle.

The hurricane was pushing toward the mass of petroleum refineries along the Gulf Coast, but the effect of fear that the refineries would be damaged was moving due north.

“Hurricane Ike is projected to hit landfall in Texas Friday or Saturday, and in anticipation of its storm path, refineries in the Gulf of Mexico have closed,” said David E. Parsons, CEO and president of AAA Carolinas.

“Gas prices have gone up, and some stations have placed a restriction on the number of gallons customers can buy, because it is unclear right now how long the refineries will remain closed or if they will sustain any damage,” Parsons said.

The Sanford-based The Pantry convenience store chain has ordered its 1,600 stations in 11 Southeastern to limit gas sales to 10 gallons. The Pantry operates Kangaroo and Petro Express stations.

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[edit on 12-9-2008 by 12m8keall2c]

This is local to me, but national to everyone in the US. Prepare for another visit from your old cell mate bubba. The hurricane has not yet hit so the dammage is not yet happened. Never the less, the prices at the pump have already jumped and will probably go above $4.75. As a person who's business is traveling to customers job sites, business is about to end. If there is minimal dammage and the refineries can go back to business as usual on Monday, the price at the pumps will take WEEKS to go back down. And you can take that to the bank. Bend over boys.

www.wral.com
(visit the link for the full news article)

[edit on 12-9-2008 by network dude]