I'm not sure if this is actually a case of price gouging or not, sure seems like it, as the rest of the country is around $3.00 a gallon.
On 9/11, there were several gas stations in Wisconsin that immediately went up to as much as $10.00 a gallon, causing a similar panic. Lines, filling everything they could, etc. The gas stations that participated were forced to repay overages to anyone with proof. Again, I do not know if this is the case in the south, but it can't hurt to keep proof in case.
http://www.snopes.com/photos/katrina/gaspump.asp
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