Ike spins wholesale gasoline prices past $4

NEW YORK


“We’re looking at the highest wholesale prices ever for a huge swath of the country,” he said. “People understand that regardless what happens with Ike, it’s going to shut down the biggest refining cluster for a period of five, six, seven days.”

The wholesale price of gasoline is what refineries charge retailers. Retailers then mark up those prices for the customer so they can make a profit