Tuesday, August 30, 2005
Students may need to bring out the bicycles as gas prices are on the rise once again.
This time it is due to Hurricane Katrina, the storm that devastated the Gulf Coast.
The United States government’s oil supply is located underground along the Louisiana and Texas Gulf Coast, The storm already caused the shutdown of more than one million barrels of refining capacity along the Gulf Coast, which limits the amount of oil ready to be used.
Anne Brand, the manager of the Louisiana Amoco at 2301 Louisiana, said that gas prices would probably be raised at 3 p.m. yesterday.
Photo by Kim Andrews
Gas prices are on the rise again, nearing three dollars per gallon for ultimate unleaded at the BP Amoco at 2301 Louisiana St. The rise in price in response to Hurricane Katrina.
She said she guessed prices would be raised by 10 cents. Regular unleaded prices yesterday were at $2.69 per gallon before 3 p.m.
“Got to love a hurricane,” Brand said.
Molly Athricks, an assistant at Presto Convenience Store at 1802 W. 23., said she was hoping that she would not have to raise gas prices. The price of regular unleaded at Presto was $2.59 at 3 p.m. yesterday.
“We’re keeping our fingers crossed,” Athricks said.
Casi Evans, Des Moines sophomore, said that it was probably a good thing that she had filled her gas tank about three days ago. Now she will probably start carpooling and limiting her activities.
Nate Miller said even though he was low on gas, he didn’t plan on filling up any time soon because gas prices are so high. The Salina freshman also said he didn’t plan on driving very much this week and that he would wait until it was absolutely necessary before filling up.
Anonymous administration officials have confirmed that President Bush is likely to authorize an oil loan from the Strategic Petroleum Reserve. But the loan still remains in question as no official decision has been made.
The last time oil was loaned from the reserve was in September of 2004 after Hurricane Ivan had hit the Gulf of Mexico. The oil was repaid by April of 2005.
President Bush made verbal emergency disaster declarations for Louisiana and Mississippi yesterday. The declaration allows for federal funds to be used for disaster relief and recovery.
— The Associated Press contributed to this story.
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