Prices for diesel fuel dipped on Tuesday, Sept. 6, after reaching record highs above $3 per gallon the previous week in the wake of Hurricane Katrina.
ProMiles reported a national average of $2.926 per gallon, with prices
in most states dropping a penny or two from the previous week. Some areas, such
as
Other areas, however, are still experiencing shortages. Flying J
reported shortages at some of its stations in
Some stations were still rationing fuel. Travel Centers of
Crude oil dropped back close to pre-Katrina levels on Sept. 6, hitting a low of $65.65 in midday trading on the New York Mercantile Exchange.
Meanwhile, oil refineries in the
The Associated Press reported that two of the remaining four - one owned by Chevron Corp. and another owned by ConocoPhillips - suffered severe damage and are not expected to be operational anytime soon.
The U.S. Department of Energy reported that the pipelines that move
refined fuel from the
However, the DOE said it would still take some time for things to get back to normal. As many as 137 oil rigs have been evacuated and crude oil production is down by more than 1 million barrels per day.
In
The DOE has already released a total of 8.5 million barrels of oil from the U.S. Strategic Petroleum Reserve and is also planning to make an additional 30 million barrels available for sale.
In addition, Secretary of Energy Samuel Bodman announced Friday, Sept.
2, the
Bodman said the International Energy Agency, a Paris-based group that
advises 26 governments from the European Union and elsewhere,
would release 60 million barrels of oil and refined fuel to the