Gas Prices Expected To Soar - KLTV.com - Tyler, Longview, Jacksonville |ETX News

8/28/05-Tyler

Gas Prices Expected To Soar

Oil and gas prices are expected to soar, as a result of  Hurricane Katrina.

The storm has forced many Gulf Coast refineries to shut down. Economists predict prices will go up this week, if production is halted for too long.

East Texans are not looking forward to that possibility.

"They're already high enough," one woman filling up today said.

"I came to fill up because the prices are going up," Raul Llano, another Tylerite, said. "Might as well start getting gas right now than later."

Take that advice.

Crude oil futures reached a record $68 a barrel last week. Analysts say they could jump to $70 a barrel this week.

Julie Tam, reporting. jtam@kltv.com

 

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