Irene Should Not Impact Gas Prices In St. Louis

Brian Kelly

ST. LOUIS (KMOX)-Despite the pending shutdown of some east coast terminals because of hurricane Irene, gas prices in the St. Louis area are not expected to increase in coming days. Senior Petroleum Analyst Gregg Laskoski tells KMOX that the midwest is pretty well insulated from the impact of Irene,  “The infrastructure, both the supply, the terminals, everything, the distribution in the midwest is almost a market unto itself.”

Laskoski says even on the east coast prices will be held down by what he calls “demand destruction”. He says once people are evacuated and the storm begins moving through the demand for gasoline will drop just as the distribution system is shut down.

Copyright KMOX Radio


More From CBS St. Louis

KMOX Podcasts
As Heard On KMOX

Listen Live