Gasoline Prices Expected to Rise Sharply During Hurricane Season

Oil Futures will again start to climb at the first hint of Hurricane Alberto, which is to be the first named storm of the Atlantic Tropical Hurricane Season. In fact many analysts are warning consumers in advance, well in advance of Hurricane Season that Gasoline Prices are indeed expected to rise sharply.So far gasoline prices in the United States have retreated slightly since the Hurricane Season did not start early as expected.But it will soon be here and $3.00 plus gasoline prices will be on every sign and every station.

Additionally weather issues from storm remnants can also affect the price and availability of Ethanol Additives pushing prices even higher you see? Weather Scientists at NASA, NOAA and private climate research firms across the nation are predicting anywhere from 9-13 Hurricanes and 16-22 named storms with anywhere from 4-8 hard-hitting category landfalls.You can bet that on pure speculation of all this whether or not it occurs that oil futures will climb to the same level this summer as last summer.Indeed if we get hit hard with early catastrophic storms the speculators will run it up pretty high and it will take until the end of the Atlantic Hurricane Season to see any relief from those highs. Consider this in 2006.

By: Lance Winslow