The hurricane is already affecting the nation’s economy. Most of the oil and gas production facilities in the Gulf of Mexico have been shut off since Monday and many sustained damage. The area normally accounts for a third of domestic oil production and a fifth of its natural gas output. The cost of gasoline is expected to soon rise to about three dollars a gallon in many parts of the country. Areas including Atlanta may also face severe gas shortages. The two main pipelines that bring gas and jet fuel to Atlanta are down. The region now only has a two-day supply of gasoline.
Oil & Gas Production Crippled in Gulf Coast Region
HeadlineAug 31, 2005