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HURRICANE IMPACT: Fuel prices will rise

Published Wednesday, September 28, 2005

Oil Price Information Service (OPIS) analysts forecast the national average price for both diesel and gasoline will soon rise above the $3 level—just as it did in the aftermath of Hurricane Katrina. Wholesale diesel prices in the Gulf Coast are above $3, with $2.40-level prices in the Midwest and West Coast. All of this translates to $3 and beyond retail, OPIS said. “[Media and energy analysts] talked about a “bullet being dodged” when Hurricane Rita didn't hit Houston with Category 4-5 implications,” Tom Kloza, OPIS publisher told FleetOwner in an email. “The reality is that ...

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