Peter Davis

Posts Tagged ‘Gas Prices

Gas Prices Skyrocket After Hurricane Ike Hits Gulf Coast

Posted by: Peter Davis on: September 15, 2008

Gas prices have skyrocketed on the average nearly 20 cents per gallon since Hurricane Ike hit Galveston TX this weekend.
The Colonial Pipeline which supplies fuel to the South and East Coast was shutdown with two back-to-back hurricanes. According to a press on Sept. 10,
Colonial Pipeline is at full operating capabilities following power outages caused [...]

With Quadruple Witching hour loomin over our heads, I predict today that equity markets are headed south.  I expect oil to hit a record high of $160 per barrel as the Chinese fail to raise taxes to cut demand for gasoline consumption in their country.
Now this is about as rediculuos as the rumor sparked by [...]


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