Economic Impact of Hurricanes Isaac amp Katrina Hurricane Isaac Damage August 23 August 30 2005 Category 3 when it reached the Louisiana coast Storm surge flooding of 1020 feet above normal tide levels in Louisiana ID: 481779
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Hurricane Katrina
Economic Impact of Hurricanes Isaac &
Katrina
Hurricane Isaac
Damage:
August 23- August 30, 2005
Category 3 when it reached the Louisiana coast
Storm surge flooding of 10-20 feet above normal tide levels in LouisianaExcessive flooding causes levee to break in New Orleans.Wind gusts up to 87 mphEconomic Impact:Estimated Damages: $108 billion, making it the costliest mainland hurricane in the USGDP: Katrina represents 0.95% in 2005Gas/Oil Production: pre-Katrina, 10% of all petroleum and 24% of all gasoline used in the US produced in the Gulf Coast. Gas Prices: caused an increase of 40 cents within six days.Gambling: Many casinos had to close and evacuate, some not re-opening until 2006 or 2007. About 14,000 employed by casinos pre-Katrina.
Damage:
August 21- September 1, 2012
Category 1 when it reached the Louisiana coast
Storm surges reached 15 feet above normal tide level, causing the river to reverse its flow for about 24 hours
700,000 power outages in New Orleans.
Winds gusted to about 80
mph
Economic
Impact:
Estimiated
Damages
: $2 billion
GDP
:Isaac
expected to represent
0.1%
in 2012.
Gas/Oil Production
: 2/3 of gas production shut down in anticipation of the arrival of Isaac, $10 million dollars worth of gas is not being produced each day.
Gas prices
: caused
a temporary increase of
prices between
5cents and 15 cents.
Disrupted
work in 9 states and
boosted unemployment
aid applications by
9,000