Posted on 06/27/2022 3:11:48 PM PDT by george76
Gas prices could climb well above their current near-record levels to “apocalyptic” heights if hurricane season results in significant disruptions for US oil refiners
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efforts to lower prices could be “overwhelmed if we have an active tropical season” that impacts domestic refining efforts in the Gulf of Mexico, OPIS energy analysis global head Tom Kloza
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insidious for inflation are the values for diesel and jet fuel. Stocks of those fuels are not building, they’re tight internationally and that’s where we’re going to have to pay the piper in the last 100 days of the year.”
Hurricanes in the Gulf can shut down production and lead to higher gas prices in what would be a particularly damaging outcome given the chaotic state of the global energy market.
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Kloza warned that the month of July would be a crucial period for gas price trends.
“July, without question, is the highest demand month,” Kloza added. “In July and August, we really have to cross our fingers that no refining infrastructure gets damaged by hurricanes or by the electric grid, which seems to be not incredibly stable in parts of the Gulf Coast.”
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Aside from the sticker shock experienced by American motorists, the higher fuel costs have hammered US airlines and other sectors of the economy during a period of decades-high inflation.
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Biden’s energy policies have contributed to the problem.
(Excerpt) Read more at nypost.com ...
Oh good...
Dims ultimate fantasy.
that blows...
Think like a lefty.
“Well at least the windmills will spin faster.”
No problem. Just hook up your Tesla to your 800 sq ft of solar panels. And hope it don’t rain. /s
Literally?...
Historically a strong Gulf hurricane would trigger a 20% - 25% price spike lasting about two weeks.
OMGoodness. Deep State overlords would love that! I’m sure they’re licking their chops at the thought of this happening.
When hurricane Irma hit a gallon of premium went through the roof...$3.45.
When hurricane Brandon hit a gallon of premium hit $5.75.
One was a natural event, the other a man made disaster.
5.56mm
So it’s Putin that has the hurricane machine!
Um…. We are in hurricane season now.
No problem, everybody will just use their electric cars charged from downed power lines.
If Mother Nature doesn’t cause destructions, the dems will see that something happens.
Yup..and they got several systems moving in across the Atlantic right now.
Plus they are keeping and eye on one in the western Gulf.
For sure. Thanks for sharing GI Joe! 😁
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