A major economic impact for the nation was the disruption to the [[oil]] industry from Katrina. Preliminary estimates from the Mineral Management Service suggest that oil production in the Gulf of Mexico was reduced by 1.4 million barrels per day (or 95 % of the daily Gulf of Mexico production) as a result of the hurricane. [[Gasoline]] had reached a record high price-per-gallon as of Monday August 30th with concerns over refinery capacity apparently driving the increase. | A major economic impact for the nation was the disruption to the [[oil]] industry from Katrina. Preliminary estimates from the Mineral Management Service suggest that oil production in the Gulf of Mexico was reduced by 1.4 million barrels per day (or 95 % of the daily Gulf of Mexico production) as a result of the hurricane. [[Gasoline]] had reached a record high price-per-gallon as of Monday August 30th with concerns over refinery capacity apparently driving the increase. |