$6 Gas? One Nasty Hurricane Could Do It
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One well-aimed Category 5 storm in the Gulf of Mexico -- certainly possible in the active season being forecast for this year -- could cripple oil and gasoline production, and the economy.
Remember the jump in gasoline prices after hurricanes Katrina and Rita dealt a one-two punch to the Gulf coast in 2005? If a storm of similar or greater strength should ever land a direct hit on Houston, drivers might find themselves looking back wistfully. So much of the oil and gas industry is located in the region that the economic consequences -- let alone the potentially devastating human costs -- of such a hit could be disastrous.
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