Gustav causes gas prices to spike…
We’re sure it came as no shock to you, anymore than it did us, that when a hurricane or strong tropical storm is headed for the Gulf of Mexico, gas prices may rise. Apparently Tropical Storm Gustav has caused a bit of panic among oil companies and, in turn, stock holders panic as well. The result? High gas prices.
Now is the perfect time, if you’re a resident of the Gulf Coast to use your gas rebate credit card or credit card with rewards program and fill up your car, gas jugs, and generator, as soon as possible this morning before the prices rise anymore. Gas in some Gulf Coast cities rose today, up $.14 from yesterday, at least they did where I live, which is Pensacola, Fl.
Of course, residents along the Gulf of Mexico aren’t the only ones being affected by gas spikes due to Gustav. According to the Wall Street Journal Market Watch Report, dated August 27, 2008, the title says it all… “Gustav Threat Keeps Gas Markets High Rising Higher.” When it comes to hurricanes, making haste will not make waste, when it comes to saving on gas.