The day immediately following Hurricane Katrina, gas prices soared $.40 a gallon in many places, finally putting gasoline above the $3 mark, largely to stay.
And then along comes Sandy, and gas prices are falling immediately following this massive storm's destruction of the East Coast.
Now, granted, the Gulf Coast is a massive oil producing area for the US, and the East Coast of the US is not. However, most of our oil comes from Canada and Mexico now anyway (and Argentina, Venezuela and Saudi Arabia, occasionally), and it's refining capacity, or the lack thereof, that tends to kick the price of gas up in the various regions of the US. Also, while not a big producer of crude oil, I'd bet a full 3 bits that the East Coast is a massive consumer of oil right now. So massive, in fact, that if Sandy had hit at any other time, the markets would be going berzerk, and the $200 barrell of oil might have become a reality (remember that they were gonna use gas generators for the power necessary to hold The New York Marathon before it got cancelled, and the reason they finally cancelled it was because the generators could be put to better use in emergency efforts).
In other news, President Obama suspended his campaign in favor of leading the relief efforts for Hurricane Sandy.