Hurricane Ike expected to pump up gas prices (NY)

[jpak]

http://www.newsday.com/services/newspaper/printedition/saturday/business/ny-bzoil1311956027sep13,0,129605.story

Get set for another spike in gasoline prices, perhaps beginning as early as Saturday due to Hurricane Ike, experts warned Friday.

How high prices go and for how long depends on the massive storm's damage to refineries along the Texas Gulf Coast that produce about 15 percent of the nation's gasoline.

"We're likely to see prices rise in the next week or so," said Doug MacIntyre, a senior oil analyst at the U.S. Department of Energy.

Kevin Beyer, president of the Long Island Gasoline Retailers Association, said some suppliers began raising prices to his members by as much as 25 cents a gallon Thursday and that most stations would have to pass the increases to motorists. "It's in anticipation of the storm and that supplies will be tight for a while," he said.

<more>

[Skink]

1. Isn't this what the strategic reserve is for.

[teenagebambam]

2. I've already seen $4.09 today

up from $3.79 (Jacksonville, FL)

[Ewellian]

3. I filled up

for 3.59 at 7 am this morning in upstate NY. I'll have to check the price this evening when I go back to town.