On occassion, I’ll use the Question of the Day feature as a tool to draw on the collective knowledge of the B&B to learn something; today I’m asking your your input on Tropical Storm (Hurricane?) Isaac.
With refineries and drilling platforms in the Gulf of Mexico closing down, the potential for a spike in gas prices is something that can’t be ignored. Jalopnik notes that gas prices went up $1.30/gallon in the wake of Hurricane Katrina and 60 cents/gallon in the wake of Hurricane Ike. Gas prices have been up lately, and they don’t like to come down as quickly as they rise.
A prolonged spike in gas prices won’t do any favors for auto sales, but I’m interested to see how the upward trend in gas prices will affect the 145 day supplies of the GMC Sierra and 137 day supply of the Chevrolet Silverado (as of August 1st).