OIL RESERVES

After all the months of climbing gas prices, the President finally has no choice but to release the Federal Oil Reserves to relieve the oil prices while the country tries to recover from the effects of Hurricane Katrina.

It will be a while before they know out much damage was done to the oil rigs in the gulf and how long before they are back up and running. They say gas could reach as high as $3.50 a gal.