Weather and traffic

The past month has seen the US Gulf Coast battered by two major hurricanes. During the preparations for and aftermath of Hurricanes Katrina and Rita, US consumers and government officials have learned how tight the gasoline markets have become in the past few years. Increased demand and decreased supply due to a myriad of reasons have led to record high prices and, in some locations, gasoline shortages.On the supply side, facilities in and along the US Gulf Coast-such as refineries, production platforms, and pipelines-were shut down in preparation for the hurricanes. Although refiners have brought their plants online as fast as safely possible, many refineries in Louisiana and Texas are s...

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