Another well-researched graphic via WSJ online:
"GASOLINE PRICES MAY HAVE PEAKED across the U.S. after a sharp run-up
in the wake of Hurricane Katrina. According to automobile association
AAA, the average price for a gallon Tuesday was $3.04, down two cents
from $3.06 on Monday. Still, in places as widespread as Flippin, Ark.,
and Bismarck, N.D., drivers lined up to pay close to — and in some
cases, in excess of — $3 a gallon. Here is an updated look at prices
natiowide, with local stories"
graphic courtesy of WSJ
Pain at the Pump
WALL STREET JOURNAL ONLINE, September 6, 2005 6:00 p.m.
Good round up from Dow Jones:
Over a week after making
landfall, the broad economic fallout from Hurricane Katrina continues to
unfold. Economists are downgrading their third quarter growth forecasts for
the U.S. economy and not all think that rebuilding in the wake of the storm
will bring things back in the fourth quarter. Markets have stabilized
however, taking their cue from the price of oil and other refined energy
products, which have been hit by a major international effort to release
emergency energy reserves in an attempt to alleviate a supply crunch.
Estimates of the economic loss from the hurricane exceed $100 billion, with
the Senate’s top Democrat putting it closer to $150 billion.
are some of the main market and economic impacts: