Forgive me for being a skeptic, but I seem to remember a prediction of $3.50 to $4.00 per gallon after Katrina hit. Sure, there was a spike in the price immediately afterward, but there was also a holiday weekend in there. Soon after that, the prices started to come back down.
Sometimes I think of these news organizations actually want something negative to happen so they'll have something to report. Like the saying goes, "If it bleeds, it leads".
Regards,
Scott Perry
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