Gas Well Over $3 Per Gallon In Aspen As Hurricane Tightens Supply

Denver (AP) The price of gas has jumped over three dollars a gallon in Aspen as the already–tight oil supplies have become scarcer in the wake of Hurricane Katrina. Statewide, the average price for self–service regular is $2.64 cents, a new record.

The hurricane has knocked out about 95 percent of the Gulf of Mexico's oil output. Eight refineries are shut down.

The wholesale distributor Gray Oil Company in Fort Lupton is getting about half its normal supply, but Steve Douglas of Suncor Energy says reports of gas shortages in Colorado are due to panic buying. He says that makes it hard for delivery trucks to keep up with demand.

Suncor has limited how much distributors can buy to prevent

Copyright 2005 by the Associated Press. All rights reserved.


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