Gas & Oil News Daily

"Hurricane Rita Up Date"
> Rita Track Map - 10am CDT Friday
> Storm overcomes New Orleans levee
> Bus fire kills 24 Rita evacuees
> Oil slips as Rita advances
> Rita Weakens a Bit, but Coastal Surges Still Feared

Just about everything that could go wrong is happening! There is a High Pressure Weather System in the center of North America, and that is going to cause Rita to "Stall" just after "Land Fall". The overwhelming rain will cause wide spread "Inland Flooding", that will create washed out roads (restricting assess except by air) throughout the region! I'm mostly concerned about the duration. The rainfall will be very heavy for several hours, dumping as much as "Thirty Plus Inches", and keep in mind (when the rain stops) it will take weeks or months for Refineries to be back on line! We are facing an "Unprecedented Calamity", and how the next few days play out, may reshape the fabric of the United States, for some time to come!

The National Average Price for Regular Unleaded Gasoline has dribbled back Nine tenths of a cent yesterday and Seven tenths of a cent today and is selling at $2.748 per gallon. Hold your breath here comes another "Wave of Price Spikes" at the pump!

Light Crude is starting to show sings of the eminent "Bottle Neck" (I mentioned yesterday) forming! By mid-day Light Crude dropped just over $2 and settled at $64.19, down $2.31 a barrel from yesterday!

Everybody across the country is going fill-up as soon as possible because they remember how gas prices jumped right after "Katrina"! That "Mass Thinking" (in it's self on a good day) will cause spotted outages and these are not "Good Days"!
Look, if you have a half-a-tank full of gas, and that will last you a week, DO NOT TOP OFF YOUR GAS TANK unless you need it! BUY ONLY WHAT YOU NEED.......
PLEASE FORWARD THIS WEB LOG TO ALL YOUR FRIENDS......
THERE IS ENOUGH GASOLINE FOR EVERYONE.......
"SPREAD THE WORD"

Davitte’ Lanier
Petroleum Industry Analyst

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Thanks,
Davitte'