Hurricane Isaac and the Venezuelan refinery explosion increase the chances of a release from the...

|By:, SA News Editor

Hurricane Isaac and the Venezuelan refinery explosion increase the chances of a release from the U.S. strategic oil reserves, analysts say, possibly by early next week. Without a release, gasoline prices may approach $4/gallon and open up Pres. Obama to criticism from consumers, but the reserve "was never intended as a buffer against high gasoline prices,” a former Shell exec says.