Why gas is higher - WSFA.com Montgomery Alabama news.

Why gas is higher

Montgomery, Ala (WSFA) -- If You're wondering what exactly is causing all these problems at the pump, It's a simple matter of supply and demand.

Oil refineries in the Gulf of Mexico dropped their capacity by 78% last week in the wake of Hurricane Gustav. That dropped crude oil supplies by 5.9 million barrels and gasoline supplies dropped by 3 million barrels. The result is higher prices.

Colonial Pipeline, a company that pumps gas from Texas to Alabama, says it reopened that line Sunday, but at a reduced rate.  A spokesman says he hopes the company will be back up to full strength as soon as possible.

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