Storm fuels gas fears

According to Jack Pitts, who owns Southeastern Energy, a gasoline wholesale and retailer company based in Montgomery, Hurricane Rita definitely will affect the oil market, particularly because some oil refineries already have been shut down anticipating [Rita]'s arrival. Following Hurricane [Ka...

Full description

Saved in:
Bibliographic Details
Published inKnight Ridder Tribune Business News p. 1
Main Author Mike Linn and David Irvin
Format Newsletter
LanguageEnglish
Published Washington Tribune Content Agency LLC 24.09.2005
Subjects
Attorneys general
Crude oil
Energy economics
Gasoline prices
Natural gas utilities
Petroleum refineries
Pitts, Jack
Price gouging
Retail stores
Wholesalers
Online AccessGet full text

Cover

More Information
Summary:According to Jack Pitts, who owns Southeastern Energy, a gasoline wholesale and retailer company based in Montgomery, Hurricane Rita definitely will affect the oil market, particularly because some oil refineries already have been shut down anticipating [Rita]'s arrival. Following Hurricane [Katrina], gasoline and diesel in the Montgomery area spiked toward $3 per gallon retail, which brought out accusations of price gouging from the public and action from the Alabama Department of Agriculture and Industries and the state attorney general to investigate those claims. Attorney General Troy King and Gov. Bob Riley warned gas companies of price gouging in the wake of Hurricane Rita, expected to impact refineries in the Houston area.