Close call: What does Gustav mean for the economy?

waiting for gustav
waiting for gustav

Despite the massive force that was Gustav, New Orleans avoided the brunt much better than expected, which is good news for the economy. Well, better news, anyway. Storms of this size by definition have an impact on the economy.

Even though damages to homes, infrastructure and energy production won't be known until later this week, several sources have already shifted their economic forecasts toward the positive.

Consumers across the board will be glad to hear that natural gas futures have already dropped slightly, as well as gasoline prices and the cost for natural gas in the month of October.