Gas prices up as Gustav threatens Gulf refineries »
Posted By y_soitenly 1 year, 4 months ago in NewsNEW YORK - Retail gas prices swung higher Friday — the first increase in 43 days — as analysts warned that a direct hit on U.S. energy infrastructure by Hurricane Gustav could send pump prices hurtling toward $5 a gallon.
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y_soitenly1 year, 4 months ago
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Gustav, which regained hurricane strength Friday, was spinning away from Jamaica on a course toward Gulf Coast states including Louisiana — three years to the day since Hurricane Katrina slammed into the state and tore up oil rigs and refineries.
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Fears of another monster storm have sent wholesale gasoline prices shooting up in the Gulf region, forcing filling stations to pass on the costs by raising pump prices ahead of Labor Day weekend. -
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