I think within a couple of weeks, (gas) prices will revert to pre-Katrina levels. But I also believe oil prices will go up again.
A. F. Alhajji
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We need every drop of gasoline for the driving season. Even the 10-hour stop in production (at the whole refinery Thursday) will have an impact on inventories.
- A. F. Alhajji -
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If we look at Hurricane Ivan (which hit the Gulf in 2004), oil prices continued to go up for more than a month. Companies continued to work on their facilities but there were always delays restoring production.
- A. F. Alhajji -