To answer specifically your question, the affected part of the Gulf Coast clearly produces far more refined patroleum products (gasoline, diesel fuel, aviation fuel, heating oil) than it uses so the devastation we are seeing and discussing here is far and away a net loss in supply. The biggest problem is most likely the loss of refining capacity in the 8 refineries not currently operating. Since US refineries were already at maximum capacity, the loss of these refineries means a reduction in US gasoline supplies and that will be true even if, as discussed, the President makes available crude oil from the Strategic Petroleum Reserve.

That said, there has also been some criticism here about the media putting focus on the price of gas and other economic issues. While I am as aghast as you all about the loss of life, I think it is wrong to argue that the national media have misplaced their priorities in this. I think what we are seeing develop has the potential to completely change the nation's economic future for several years to come. Among other things that could mean a recession with many many people nationwide being affected. If we indeed have not only a high gasoline price but actual shortages of supply regardless of price, the economy will suffer a severe blow and I do think that's information worthy of discussion by both the media and anyplace the aftermath of this storm is being thoughtfully considered--including here.