• Jun 2nd 2008 at 9:01AM
  • 63
Don't like the weather? Just wait, it'll change. Don't like gas prices? Just wait, they'll change, too. But if the weather brings a hurricane, some experts say gas prices could hit as high as $6 a gallon.

NOAA has predicted as many as nine named storms this season, with five of those possibly reaching major status. One expert in a CNN story says that a typical hurricane will shut down an off-shore oil rig and interrupt supply lines for as long as two weeks. If even one of those damages Gulf of Mexico drilling rigs, you can bet the crude markets will go nuts, and today's black gold and $4/gallon gas will seem like a bargain.

The good news? Hurricane season ends Nov. 30. If we make it to December with no major hurricanes, we might see oil and gas prices fall. Maybe.

[Sources: CNN, NOAA]

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    • 1 Second Ago
      • 7 Years Ago
      $6 gas is on the way, and then $8 and beyond. At some point everyone will give up their keys and move to more efficient transport.

      Cheap food and cheap gas are over, the dollar is devalued to pay for your ridiculous wars and now things are worse.

      If you think that $8 a gallon is fiction, just look across the pond where they already pay $10.

      It won't take another Katrina to raise the price of gas. You might want to not believe me, but its mostly inevitable.
      • 7 Years Ago
      Yea, it's all George Bush's fault. So is my crabgrass too. And while I'm at it ,that burnt toast I had this morning was no doupt GW's fault too. Damed right wingers!
        • 7 Years Ago
        Funny thing about that....

        GW is not right wing enough, for most "right wingers."

        Believe me, I'm one of them. :D

        But commodity prices aren't his fault, nor his purview, not even the democrat congress.

        Where they are liable is the US energy policy, and considering that we don't actually have one (just junk like negative growth and food being diverted to ethanol fuel, cloaked up as one), THAT is where the government is at fault.

        That, and the FED, a bunch of unaccountable bankers, deciding to deflate the US dollar for whatever purpose they like...

        If the government would just get the hell out of the way, it would be fine. we could explore, produce, refine, build nuclear or geothermal, or even solar and wind that some people like so much, and the market would set and adjust the price.

        The government, as always, solves one problem by making two or three WORSE problems, and you can take a look at your senators and representatives before looking at the president. The president doesn't make policy, he enforces it.

      • 7 Years Ago
      NOAA predictions are not really worth anything...They always predict high numbers of hurricans. Even though they are wrong each year, they wait until that one odd year when the laws of average catches up with them, then they pat themselves on the back and ask for more federal funding.
      • 7 Years Ago
      Looking forward to it - short-term pain, long-term gain. The cars grew too much, hopefully $6 gas will make Suburbans, Tahoes, Escallades, Durangos and other mammoths things of the past.
      • 7 Years Ago
      Damn, That sucks
      • 7 Years Ago
      It's all a ploy. Hurricanes never spiked oil prices in the past, until recently. There's a real need for the higher prices but the oil companies are taking advantage and jacking them up more than necessary. If you think otherwise, you're foolish.
        • 7 Years Ago
        Katrina was the first real spike because it did real damage. The other thing we need to remember is that 40 miles off of Florida's coast China is drilling for oil with Cuba but we can't because of the environmental impact.
      • 7 Years Ago
      Across the pond, that $10 plus gasoline is something like 80% tax.

      What will happen if the neo-cons attack Iran in August?
      $12 a gallon.
      {neo-cons aren't republicans}
      • 7 Years Ago
      I am prepared as I can be. Prius in the garage.
        • 7 Years Ago
        Hopefully you needed a new car.. and didnt spend atleast 22k just to save money on gas.
      • 7 Years Ago
      Here's the problem with that theory:
      There are huge stockpiles of gas right now. There's no shortage at all. So going without a bit of production for a short period would just reduce stockpiles. The problem is speculators are using bogeymen to push up the asking price of fuel. And by printing this junk, you help them out.

      Speculation on the basic necessities of life should be illegal.
      • 7 Years Ago
      I remember when we use to say that $4 gas would never happen....Hell, if someone blows hard enough at the Gulf, the prices of gas will change. Any "perceived" effect of weather on capacity is going to cause the price to fluctuate, that's just how it works.. Saudi A., OPEC, Oil Companies...etc. DO NOT CARE ABOUT THE PAIN YOU FEEL AT THE PUMP, this is a capitalism at it's best....get over it, you've allowed it to happen. Stop looking to the government for blame or to get us out of this, it's not going to happen, the only thing that will effect prices is DEMAND.... and China is just getting started. And not to forget all the oil promised to North Korea for ending it's nuclear power generation.. HAHA, I wonder how that deal is working out.
      • 7 Years Ago
      Way to fear monger. You tools might as well copy and paste an article from a year ago, or set up another for a year from now. The one year they didn't predict a big season Katrina hit. Go back to bashing automatic trannies and leave the business reporting and fear mongering to traditional media.
      • 7 Years Ago

      How far can these predictions be trusted? So many "experts" and "anaylists" these days.
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