$3.50 a US gallon is the normal price here, and even higher in the UK. At the pump price had escalated 20% in the weeks before the N.O. storm. Due to the price hike in the US due to refinery shortages, (and that European pump prices are largely tax), fleets of tankers carrying products from European refineries will be heading your way shortly, which should stabilise your prices. My experience of shortage-induced price shocks though, ( sugar, pepper, coffee, gas), is that the price never falls back entirely to the previous level- supplying fuel at the pump is never a high margin business and the bean counters will want to retain the better margins after the dust settles.
Alan
