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One of the easy ways that I have learn to create Warp Speed Effect using Photoshop.
Start a new document any size you want or you can choose your own size, doesn't matter, just make it big. Now press 'D' to reset the palette colours.
Go to Filter > Blur > Radial Blur
Set the Amount: to 80 > Blur Method: to Zoom A > Quality: Best and click OK