September 15, 2008

Ike skews gas - Price may hit $5 per gallon soon

When I saw the title 'Ike Skews Gas' in Yahoo news, I thought OK. Now its official. For the past few months, people in the US have been struggling with the gas price. The Gas price in Illinois, Indiana, Michigan, South Carolina, Hawaii and Alaska is almost $4 per gallon already and now we have this hurricane playing a vital role not only creating major destruction on its way, but also increasing the gas price?

Investigations revealed that the Ike hurricane has left refineries and pipelines destroyed in the gulf of Mexico leading to a major increase in the gas price.

"A station in Knoxville, Tenn., was asking $5.19 for a gallon of regular gas. In Nashville, about 180 miles away, gas was going for $3.50."
says Yahoo news.

Not only the Gas price, due to the aftermath of Ike, people rush to Walmart and Office Depot to get generators, batteries, Ice etc. The very living is affected very badly. Hope Texas recovers soon.

The damage caused by Ike is less than what was expected, says resources. Thank god!

"It's too early to say if it's close to Katrina- and Rita-type damage," Herbst said. By the way, How do they come up with these names? Very creative even when in trouble!

Read more on Ike and Gas Price in Yahoo News

Check out what CNN says about this gas spike.


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