At least two oil rigs were adrift in the Gulf of Mexico, where Katrina raged through offshore fields as one of the strongest hurricanes on record. Fearing the worst from the 175 mph (280 kph) winds, oil companies shut down rigs and closed refineries along the coast, sending oil futures higher :cry:
I heard on the radio this morning that a diesel refinery in calif is down and that is why diesel is so high and is going to go even higher! Wonderful!!
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