Monday, September 22, 2008

Gas price after Hurricane Ike

“Texas Retail Gasoline Prices Jump Since Ike”, an article from KEYE news, talks about the raising in price of gas. The article tells us the gas price was 16cents higher after Hurricane Ike hit Texas. AAA Texas reported that the average price in the statewide jumped to $3.70 per gallon; the average gas price in nationwide was $3.86 per gallon, 16cents higher than the past week, before Hurricane Ike occurred. The residents in Austin seem to pay four cents higher than other cities as recovery efforts continue. Corpus Christi had a lowest gas price in the state, $3.62 per gallon. And Texarkana had the highest gas price, $3.78 per gallon. The state does not know how long the Texas residents will face the high gas price as oil fields has not recover from the hurricane yet. The article is worth reading since gas price is the biggest problem that the entire nation faced. The gas price was just lower in the past couple of weeks. It seems we will reface the problem as the Hurricane Ike occurred in Houston, because Houston is one of the nation’s biggest oil fields in the nation.

No comments: