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A partial recovery of refining capacity, more imports and reduced demand should ease the supply crunch that has caused gasoline prices to soar since Hurricane Katrina, a senior Ener stanley website gy Department off stanley cups icial said Monday.Damage to Gulf Coast refineries and pipelines by Hurricane Katrina pushed retail gas prices to historic highs in the past two weeks, with self-serve regular averaging more than $3 a gallon for the first time ever, according to a nationwide survey released Sunday.The weighted average price for all three grades surged more than 38 cents to nearly $3.04 a gallon between Aug. 26 and Sept. 9, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country.Meanwhile, several state and county legislatures are opening probes into the recent high prices, even as those prices began to show retrenchment in some areas.According to a survey by AAA Southern New England, the average price of self-serve regular unleaded gasoline was over $3.17 a gallon, down an average of 2 cents from last Friday and 6 cents from the record high a week ago. The agency found a range of 34 cents from the lowest price to the highest. The key is we get the gasoline supplies back up to midsummer levels. Once we ve reached a point of stabilization, we can expect to see prices drop to pre-Katrina levels, said David Cowley, spokesman for AAA Arizona.Department analy stanley uk sts estimate that four large Gulf coast refineries will probably remain out of commissi Pogm Apple Is Finally Going to Ditch Samsung s Chips
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