Of course everyone now knows how Hurricane Katrina is now effecting gas prices... $3 a gallon now..And it could be $5.50 within months... But there is one thing I didn't think about...
New Orleans is the largest port in North America... 2/3rd's of ALL agricultural products in the U.S. are imported and exported there. There are millions of pounds of raw coffee beans that are wasting. This is the fall of the year when the national harvest is done...But how do we get the goods out of the country? How do we get the goods into the country? Will bananas be available at the supermarket in two weeks?
The cost of all goods will not only be impacted by the cost of gasoline.. But foods in general will be sharply effected across the board.
This is a time you may someday discuss with your grandkids for a school project. Put on you seatbelts......just don't drive anyhere.
