Mar 26, 2014
"THERE WILL BE A "RIPPLE EFFECT"!" It won't be much this time around. Prices have already risen in most areas by as much as 30 to 50 cents a gallon in the last few weeks since I told a good many of my friends in January that they were headed up. This was a short term closure, no refineries or shipping facilities were damaged like there were with Katrina and other storms, so the affect will be minimal at best. I'd be surprise by anything more than 10 to 15 cents a gallon, but it wouldn't last long. Prices are in a lowered but tightened trading range for not only oil but gas, natural gas and heating oil among other things, and it should start to come down within say two to three weeks after holding steady at the higher prices we have now.