Yesterday, the price for Premium (91 octane) in Beverly Hills was an astounding $3.51!
Hurricane Katrina destroyed a number of the refineries that are located in the south east part of the US. So while Bush may decide to tap into our nation's emergency reserves for oil...that will do us no real good.
Our true problem is the lack of production facilities, not the amount of oil available. One wall street analyst said that instead of stocking up on oil, we should've stocked up on gasoline. |