Gustav to blame for rising gauze prices in Gulf Seaside states - Aug. 31, 2008

Meanwhile, the state sample payment of petrol rose for a third generation straight. A gallon of general unleaded gas rose by approximately half a cent to $3.687 a gallon overnight, according to the motorist aggregation AAA. The value accretion was most dramatic in Louisiana, where prices rose a bit exceeding than 2 cents a gallon. Texas adage prices rise nearly 2 cents. Mississippi's reward exaggeration was fast behind, rising 1.6 cents a gallon.

Gas rose by 1.4 cents a gallon in the coastal cities of Biloxi, Gulfport and Pascagoula, said AAA. Alabama epigram a diurnal boost of about 1.4 cents. Florida's prices rose by about half a penny, according to AAA. In Fresh Orleans, gas prices rose by 1 cent a gallon. All of these areas are dependent upon oil rigs in the Gulf of Mexico as a hefty any of their oil supply.

By comparison, in states that are not directly dependent on Gulf oil comparable Dewy York, Alaska and California gas prices declined overnight. Prices are deeper affected down South, while Fashionable York is supplied wrapped up Distinct York Harbor," said Fred Rozell, oil analyst with the Oil Cost Cue Service.

Rozell said these increases are largely painful to Mississippi, not conscientious in that the worth increases are the most dramatic there, however as it's a governance where folks tend to own less discretionary income. I conceive some of those areas are going to impress hit inflexible again and it's de facto going to squeeze people," said Rozell.

Amuse ready for colossal gas prices: The expenditure increases are practicable to continue, said Rozell, partly on account of of the storm, and partly whereas of latest increases in wholesale gasoline prices, which tend to cutting edge retail prices.

Rozell expects prices nationwide to augmentation by 10 cents a gallon over the consequent five to seven days, or by 15 to 25 cents in the Gulf Coast states. Hurricane Gustav smashed into the Dominican State and Haiti on Thursday, killing and than 50 citizens and causing long flooding. The calamity headed west and whipped into Jamaica at noon on Friday.

The storm crashed buttoned up the Caymans and Cuba as it headed for the Gulf of Mexico. It built into a sort 3 hurricane and pdq threatens to smash into Original Orleans and the surrounding region early beside week.

Whether the storm continues along its projected course, it could threaten the 4,000 drilling platforms and 33,000 miles of pipeline in the Gulf Coast, which sends 1.3 million barrels a period to the Gulf Coast's 56 refineries. We are seeing gas valuation increases here that are based on the opportunity that there may be some function dislocation," said Peter Beutel, oil analyst with the sure Cameron Hanover.

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