The lowest prices here are still at least .20/gal higher than pre-Katrina, which made landfall 23 days ago.
If the global oil market ... supplies, refining capacity ... was stable, should one hurricane cause such a price upset? After all, hurricanes aren't a fluke. The Gulf of Mexico bears a number of them each year.
How can I not conclude then that the global oil market is not stable? I'm not an energy expert, but I can sure see the writing on the wall.
It's getting difficult for me to have sympathy for people who complain about the price of gas yet hold onto or (heavens) buy a 10-mpg SUV in this climate.
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