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They say the same thing every time mother nature sneezes, I doubt this time will be any different. The "speculating" (panicing ) is what causes it to jump every time, not the effects from the storm.
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That is the real truth. Granted, if the storm hits, oil production will take a hit, but not enough to cause a jump to 4-5$ a gallon in days. After Katrina in New England it went o 3 bucks within a day. It is physically impossible to get the Gulf oil refined, shipped to NJ, then shipped to CT and delivered in a day!! It should have taken weeks to really affect price. But people panic and companies take advange cause everyone expects it to rise.
Im done.
But I do hope Texas is okay, I have some friends from school here whos houses are in the path and whos families had to evacuate, so god bless.
Tim