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The Mississippi flooding is expected to cause billions of dollars in damages, with one economist...

The Mississippi flooding is expected to cause billions of dollars in damages, with one economist putting the figure at up to $4B. The deluge is heading towards the Gulf Coast, where many of the U.S.'s biggest refineries are located, hastening the return of  $4-a-gallon gasoline.
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Comments (3)
  • SSALarry
    , contributor
    Comments (235) | Send Message
     
    I would bet none of the refiners are affected by the floods, the floods are just another excuse to push prices higher.
    11 May 2011, 07:53 AM Reply Like
  • CharlieM
    , contributor
    Comments (150) | Send Message
     
    You are EXACTLY right on that one!!!
    The biggest refineries are located from the Texas/Louisiana border to south Texas. Who are we kidding, it's just another justification/excuse to jack up the prices.
    11 May 2011, 08:19 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    Don't forget that the Obama administration is in favor of higher gas prices since it will encourage people to dump their SUV's and ride in SmartCars and it will allow alternative forms of energy to be competitive. (Of course in Texas you better not hit a deer with one of those SmartCars as you will be a goner.) So let's hear it for $10 gas like the Europeans. :-(
    11 May 2011, 11:45 AM Reply Like
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