Better fill up on gas now. Rita is a full-fledged Category 5 hurricane with sustained winds of 165MPH. It's expected to plow into the coast of Texas this weekend. When Katrina hit, gas prices soared above $3/gallon on news oil production in the gulf had to be suspended. Energy experts are saying Rita could have a far worse impact as it poses much greater risk to oil-refinery capacity in places like Houston and Galveston. Many are predicting hikes in prices as high as $5 a gallon!
I repeat - fill up your cars now.
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