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Gas Prices Skyrocket

By Jesse Ferrell, AccuWeather meteorologist

Published Aug 30, 2005 2:26 PM EST | Updated Jul 8, 2025 2:34 PM EST

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When I glanced at the gas station signs on the way to work this morning, which showed a rise from $2.55 to $2.95 overnight, I was glad that I had listened to JB on Friday.

(AccuWeather Hurricane Expert Joe Bastardi writes daily columns and videos for our Professional site and also appears frequently on-air on CNBC and Fox News during breaking weather situations)

He was the first to say that Katrina was headed straight for the oil rigs, instead of the eastern Gulf. Yesterday, oil rigs were reported "drifting" in the Gulf and oil platforms were running into bridges in Alabama.

Even though the news of the impending storm didn't hit the markets until after-hours trading Friday, I filled up at the pump Friday night. It was a wise decision. When it hit the markets yesterday, gas stations around the nation were handed the bad news after market close and prices skyrocketed.

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Jesse Ferrell
AccuWeather Meteorologist and Social Media Manager Jesse Ferrell covers extreme weather and the intersection of meteorology and social media.
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