Isaac Drives Gas Prices Up In D.C. Area | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Isaac Drives Gas Prices Up In D.C. Area

Play associated audio
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.

NPR

Amazon Deal With Simon & Schuster Raises Questions For Other Publishers

Amazon has received a fair amount of bad press lately over its long-running dispute with the Hachette publishing house. So Monday's announcement of a deal with Simon & Schuster took some industry watchers by surprise.
NPR

From NFL To 'Scandal,' Whole Foods Buys TV Ads To Boost Its Brand

A pioneer in selling organic, sustainable groceries, Whole Foods now finds itself beset by competitors. So it's launching its first national ad blitz to sell socially conscious consumers on its story.
NPR

Obama Has To Balance His Base Without Hurting Dems In Red States

If Democrats have a chance of hanging onto Senate seats in southern states, they need to do well with African American voters. But for President Obama, that creates a difficult balance between turning out the base and energizing GOP voters who don't like him.
NPR

In Silicon Valley, Paying For Access To Peace Of Mind

The San Francisco area is the home to the high-tech sector and has a history of embracing Eastern spirituality. Now the two meet in the yoga and meditation classes popular with the local tech workers.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.