| Katrina interrupted oil production thus having an effect on prices. TaskCompleted1 #116479
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http://en.wikipedia.org/wiki/Economic_effects_of_Hurricane_Katrina
"The storm interrupted oil production, importation, and refining in the Gulf eden, thus having a major effect on fuel prices. Before the storm, one-tenth of all the crude oil consumed in the United States and almost half of the gasoline produced in the country came from refineries in the states along the Gulf's shores. An additional 24% of the natural gas supply is extracted or imported in the region. Furthermore, the nation's Strategic Petroleum Reserve is also stored in this region." |