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Rita could equal $5 gas

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Nightwing Donating Member (489 posts) Send PM | Profile | Ignore Sat Sep-24-05 07:08 AM
Original message
Rita could equal $5 gas
The American public is pissed as it is. Imagine the outrage if this comes to pass.
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NEW YORK (CNN/Money) - Remember when gas spiked to $3-plus a gallon after Hurricane Katrina? By this time next week, that could seem like the good old days.

<snip>

"We could be looking at gasoline lines and $4 gas, maybe even $5 gas, if this thing does the worst it could do," said energy analyst Peter Beutel of Cameron Hanover. "This storm is in the wrong place. And it's absolutely at the wrong time," said Beutel.

<snip>

Just about all of Texas's refinery capacity lies in that at-risk zone. (For a look at CNN.com's coverage of Hurricane Rita, click here.)

"There is no lucky 7-10 split scenario to use a bowling analogy," he said. "If you're within 200 miles, you're going to feel the effect."

Link:
http://money.cnn.com/2005/09/21/news/economy/rita_threat/

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cornermouse Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-05 07:12 AM
Response to Original message
1. Rita is quickly becoming the hurricane that almost was.
I think the oil companies hopes are quietly being squashed.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-05 07:14 AM
Response to Original message
2. I don't think we need to imagine, I think it will be a reality
And I also think we will not have to wait for a week.
I am predicting that by Monday we will see at least $4.50/gal nation wide.
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electropop Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-05 07:18 AM
Response to Reply #2
3. If it does happen, Bush is finished.
People will tolerate lies, murder, and hypocrisy, but if they can't afford to fill the SUV, that's bad government. :evilgrin:
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