mismi wrote:
And I am sure this is a naive question but, why? Why did it go up so dramatically?
The short answer is that (a) the oil drilling rigs in the Gulf of Mexico had to shut down because of Ike and (b) the refineries in Texas, where most of our oil is turned into gasoline, and most of the tankers from other places in the world unload, were shut down due to the hurricane. Some 20% of the daily activity has stopped because of Ike.
Here in VA, the price at the pump went from $3.46 to $3.89 overnight.