"If the storm continues on its path, it could drive up U.S. gasoline prices by 10 cents a gallon ahead of Labor Day weekend, predicted James Cordier, president of Tampa, Florida-based Liberty Trading Group and OptionSellers.com"
And CUI BONO, oil companies?
Yup, EVERY YEAR they find EXCUSES to JACK UP PRICES BEFORE SUMMER and at the END!!!
"Oil up on hurricane threat" by Bloomberg News | August 27, 2008
NEW YORK - Crude oil rose more than $1 a barrel yesterday as forecasts showed Hurricane Gustav might enter the Gulf of Mexico, home to more than a fifth of US oil production.
"Prices surged because Gustav appears to be strengthening as it moves toward the Gulf," Michael Fitzpatrick, vice president for energy risk management at MF Global Ltd. in New York, said yesterday. "The news from Georgia is also helping send prices higher."
Russia, the world's second-biggest oil producer, recognized the independence of two breakaway regions in Georgia yesterday. German Chancellor Angela Merkel said the decision breaches international law and will not be accepted by European Union members.
--more--"
The Zionist AmeriKan MSM blame the Russkies for everything, won't they?
