How much will gas prices rise after Gustav?

Question

How much are gas prices expected to rise after Gustav hits the coast. I've heard up to $5. Is there any truth to this?

Either way, I'm filling my tank up now!

Answer 1

Actually, I have to say, I was amazed, investors are waiting to see the damage from the storm before bailing out, which is what makes the prices go out. Usually when there is a major hurricane, they run away as fast as they can before the storm clouds can even be seen on the horizon.

From what I have seen and heard, Gustav has not been too damaging. Now granted, there is no way to no for sure at this point until the oil rigs and infrastructure are inspected.

I could see it going above $4 easily, but I doubt that it will come close to $5. But we will have to wait and see. (But i did fill up two days ago just to be sure).

Answer 2

Ever if gas go up to $5 a gallon and you fill up now; what are you  going to do when you need gas again????  

Of course it will affect gas prices, but not like that.  After Katrina gas prices did not climb that high.  I am from Louisiana in GA now due to Gustav and I have to pay whatever the gas prices are to get back home if their is a home to get back to.

Relax everyone, think of the ones in Louisiana that are losing their home, gas will shoot up, but ever worse homeowners insurance will be sky high. That should be our worried.  

Answer 3

More than $4 and less than $20

Answer 4

I do not think they will go up big time until next february. That is the SOBs favorite time to go up. Keep blaming the illegals. If nothing else it will make u feel better.

Answer 5

Gas prices are rising now in anticipation of Gustav. How the prices will be affected AFTER Gustav depends on the damage (if any) and how long the off-shore rigs and on shore production are off-line.

Answer 6

you know it will go up..the oil corps arent about to lose one red penny..they like being billionares and we hard working citizens are the ones whom suffer

Answer 7

I have not heard that and I hope there is no truth to it.

Answer 8

ummm. well..... ya know....... Isnt it amazing..... dont ya think!!!!