From what I heard on the news the gas spike is from OPEC pulling production back by 500k barrels a day since demand has dropped. I also heard that Ike wasn't going to affect the gulf drilling platforms.
that better not be true:fm: they raise our prices to cut our use and then cut our supply and dont lower prices
Generally when supply goes down, prices go up. And vice versa.
From what I heard on the news the gas spike is from OPEC pulling production back by 500k barrels a day since demand has dropped. I also heard that Ike wasn't going to affect the gulf drilling platforms.
Funny how hurricanes in the gulf never seemed to effect gas prices until Katrina skyrocketed them. Now every single storm raises prices.
I wish you guys luck down there in Houston...take care!!!