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Katrina Pushes Gas Price to All-Time High

Sunday, September 11, 2005 9:28:32 PM
By JEREMIAH MARQUEZ

Although most gas stations are operating in Baton Rouge, La., some like this one photographed Sunday, Sept. 11, 2005, are selling only unleaded gas and are not able to obtain the higher octane varieties since Hurricane Katrina disrupted the supply from the oil refineries. (AP Photo/Rogelio Solis)LOS ANGELES (AP) - Damage to Gulf Coast refineries and pipelines by Hurricane Katrina pushed retail gas prices to historic highs in the past two weeks, with self-serve regular averaging more than $3 a gallon for the first time ever, according to a nationwide survey released Sunday.

The weighted average price for all three grades surged more than 38 cents to nearly $3.04 a gallon between Aug. 26 and Sept. 9, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country.

Self-serve regular averaged $3.01 a gallon nationwide, according to the survey. Midgrade was pegged at about $3.11, while premium-grade was at nearly $3.21.


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