With a nation that depends mainly on foreign oil, HOW DOES A HURRICANE EFFECT OUR GAS PRICE?

Why does no one ask these questions?With a nation that depends mainly on foreign oil, HOW DOES A HURRICANE EFFECT OUR GAS PRICE?
PresentWith a nation that depends mainly on foreign oil, HOW DOES A HURRICANE EFFECT OUR GAS PRICE?
Guess where most of our refineries and a massive chunk of our oil drilling is? Right smack in the way of this hurricane..
You just answered. The key is ';mainly'; not ';entirely';
In case you haven't noticed, everything affects the price of gas. This includes, but is not limited to: foreign wars, the dwindling supply of oil, the state of the union, the fact that someone sneezed at a big oil company, the air temperature, the time of year, the angle of the sun in the sky, the flavor of cream cheese...You get the picture, don't you?
to the ';it's heading towards our refineries'; argument... the gas at the pumps has already been refined... granted... IF it effected output.. then the next time the tanker comes to fill the station the price should be up.. but the cost of production has already been set for the gas you are pumping right now. You could argue that more people go to try and fill up.. creating a bubble in short term supply and demand... but it doesn't account for the stark raises we are seeing... AND many times they start pumping up the prices .. which CAUSES people to rush to fill up.. before they top out.





It's price gouging.. pure and simple. They are actually about to pas a law this spring in my state to prevent this from happening again. We jumped up $0.80 today.
The Gulf is the only region we allow drilling in, which makes an even better case for opening up the coasts. With the Panama Canal so relatively close to Louisiana and Texas, the majority of our foreign oil makes its way through those ports. Obviously, with a storm of this magnitude, shipments will have to wait.





Now, if we had more oil coming from the north, as well as both coasts, it would leave us with four distinctively different geographic locations afflicted by completely different variables (climate, seismic activity, etc.) and at different times.





Why aren't we drilling again?





Why does no one ask this question?
Because the storm is heading for an area that has 25% of our refineries.





Edit: Yes, the gas at the pumps has already been refined. But most of what we import is crude oil, which then has to be refined so it can be used.

scars