Katrina And Her Aftermath
Hurricane Katrina and the mammoth damage left behind has taken a huge swath out of U.S. -- not to mention world -- oil production. Some oil pipelines came back online today, easing the price of gasoline, but with jet fuel shortages, principally in the Southeast, hampering airline operations, some airlines have considered cancelling flights if the situation doesn't improve. Some airports are down to a three day reserve (ten is considered normal).
Geoff Styles has more on this, of course.