Today's WSJ covers the gas situation in Middle Tennessee.
Across the country, gasoline prices remain above pre-hurricane levels but have been dropping. The average price for a gallon of regular gasoline slid a couple of cents on Monday to $3.739, about six cents above pre-Ike levels.
More than 10% of the country's refining capacity is out of commission, with nine refineries still idle after the storm, according to the Department of Energy. More...
More than 10% of the country's refining capacity is out of commission, with nine refineries still idle after the storm, according to the Department of Energy. More...
However, yesterday saw a dramatic increase in the price of oil, back to the $130 per barrel neighborhood so that as refining capacity comes back on line we shouldn't expect prices at the pump to fall.
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