Disruption of gulf oil production due to Katrina may lead to a national "gas crisis".
"The impact of Hurricane Katrina on U.S. oil production may be worse than initial reports estimated and could lead to a national gas crisis in the short run, analysts warned Tuesday.
"'The story is all about oil,' said Michael Englund, chief economist with Action Economics. 'This is still a fluid situation but we have enough information to feel comfortable lowering our economic growth estimate even further.'
"Consumers have been absorbing the sticker shock at the pump for months already without greatly altering their spending habits. However, analysts cautioned that if gas prices reach $3 a gallon, it could force consumers to make noticeable changes to their budgets. And if spending slows, that in turn threatens to dampen economic growth since consumer spending fuels two-thirds of the economy."
Thanks to Michael Dudley
FULL STORY: Gas crisis looms

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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