Are you ready for $5.00 a gallon gasoline? If Gustav stays on its current path and hits as a Cat 3 or higher, we are going to see $5 gas. This could be terrible for the markets on Tuesday. Did the markets take this storm lightly on Friday or were they factoring it in? That is the question that I will try to answer as the storm approaches the coastline. I don't think we factored it in fully. If we did, that tells me that nat gas would have declined much more sharply had the storm not been approaching with its anticipated stregth.
We will post updates throughout the weekend.
Sunday, August 31, 2008
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