The price at the pump continues to climb as oil companies assess damage to their rigs in the Gulf Coast. Further impacting the situation is the fact that New Orleans is a hub for oil coming in from other countries to be refined for the rest of the country. With the city unable to operate it could be several weeks before it can operate at full capacity. One oil company is already rationing gas to its east coast customers as it assesses the damage from Katrina. Some oil companies have already requested oil from the Strategic Petroleum Reserve. Pres. Bush is expected to decide in a few days whether to release oil from the reserve.
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