Rita could send gas prices to $5 a gallon.
CNN/Money Story
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Originally Posted by Bob Tippee, editor of the industry trade journal Oil & Gas Journal in Houston
If Rita hits both the Houston-Galveston area, as well as the Port Arthur-Beaumont region near the Texas-Louisiana border, that could take out more than 3 million barrels of capacity a day
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The people that would be repairing Rita damage are already picking up the pieces on Katrina. The potential damage this weekend could be up to
three million barrels a day.