Several insurance industry modelers are predicting gas prices north of $6/gallon if the Gulf Coast gets clobbered by a true Cat 5 hurricane (which Katrina was NOT by the time it hit land) this summer. It's sorta shocking to read that the first time, but, when you stop and think for a minute, it's not that big a stretch.
Of course, the next question is: Would $6 gas be, in the long term, such a bad thing?
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