Hurricane Ike Gas Prices
As Hurricane Ike prepared to make landfall along the Texas coast, gas prices were reportedly on the rise in many U.S. states. On September 12, 2008, concerns were said to be mounting that a strong storm surge from Hurricane Ike might seriously damage oil refineries in the path of the storm. Refineries in the Houston, Texas, area provide 13 percent of the nation's oil supply.1
Fast Facts
- Several states were reporting spikes in gas prices ahead of Hurricane Ike2
- If damage from Hurricane Ike is minimal, gas prices could come down quickly2
- Oil rigs and refineries in the Gulf of Mexico supply about 24 percent of the gas and oil-related products in the United States1
- Drivers were being limited to 10 gallons of gas per customer in some states1
- Concerns were mounting that the port of Houston could be heavily damaged by a storm surge, slowing oil importation1
- Reports were surfacing of price gouging at gas stations across the Southeast3
Quote
"If we see some sort of dramatic problem, then we'll see a spike across the nation . . . and it's going to be at least 25 cents to 30 cents. It all comes down to how big the hurricane is when it hits and how long these refineries might be shut down."—Darin Newsom, senior analyst for DTN4
"People have gone as far as calling 911 to report that gas is expensive."—Mark Plowden, South Carolina attorney general's office
Related Pages on Mahalo
Price of Oil and Gasoline | Gas Prices | Hurricane Ike | Hurricane Ike Projected Path | Hurricane Ike Storm Surge | Hurricane Ike Pictures | Tropical Storm Ike | Houston Evacuation | Galveston Evacuation | Gulf of Mexico | How to Find Cheap Gas | How to Get Better Gas Mileage | Gas Prices By Zip Code | Storm Surge
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