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Isaac Drives Gas Prices Up In D.C. Area

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Isaac is driving up gas prices in the D.C. area.
Jessica Jordan
Isaac is driving up gas prices in the D.C. area.

Isaac may not be headed our way, but it's driving up gas prices in the region. That's because 40 percent of U.S. refining capacity comes from the Gulf area.

As AAA Mid-Atlantic's Windy VanCuren explains, it's not that the storm poses an imminent threat to reserves, but those who set oil prices use the circumstances as an indicator of what may happen to supply.

"They have to cut the power off to make sure no water gets mixed in with the oil, and just take safety productions," says VanCuren. "About 80 percent of refiners down there have shut off production to protect themselves while the storm hits. And when that happens, although we have plenty of supply on hand, people get nervous and because of the nervousness of there being maybe an impact to supply prices start to go up."

VanCuren says there's no way of knowing how much prices will peak between now and then. National forecasts suggest that gas prices will be the highest on record for an extended Labor Day weekend.

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Lisa Lucas Takes The Reins At The National Book Foundation

Lucas is the third executive director in the history of the foundation, which runs the National Book Awards. Her priority? Inclusivity: "Everyone is either a reader or a potential reader," she says.
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The Shocking Truth About America's Ethanol Law: It Doesn't Matter (For Now)

Ted Cruz doesn't like the law that requires the use of ethanol in gasoline. So what would happen if it was abolished? The surprising answer: not much, probably.
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The Latest on the Military, Political and Humanitarian Crises in Syria

Russia continues airstrikes in Syria. Secretary Kerry meets with world leaders in an attempt to resolve the country’s five-year civil war. A panel joins Diane to discuss the latest on the military, political and humanitarian crises facing Syria.

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Should India's Internet Be Free Of Charge, Or Free Of Control?

Facebook's free Internet service was banned in India on the basis of net neutrality this week. Internet providers, regulators say, should not be allowed "to shape the users' Internet experience."

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