Politics Roil Oil

Why didn't they have gasoline? Because the major pipelines coming into Atlanta didn't have access to either product, or power to pressure the line to move the product through the line. Maybe Congress should investigate the pipeline and the power companies that lost power as a result of the storms. Better yet, maybe Congress should call in the weather forecasters who predicted the storms, or the big man who planned Katrina and Rita; they must be a part of the conspiracy as well.

Storms happen, unrest in the Middle East happens, Venezuela strikes happen, Russia supply challenges happen, and China and India happen. And, believe it or not, markets react. Amazingly, too, they are pretty efficient. As supply and pipeline capacity has returned, prices have moderated. Now, many parts of the country are paying less than $2 for gasoline.