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
...
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
...
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.
...
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.”
...
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.
...
Biden’s energy policies have contributed to the problem.
(Excerpt) Read more at nypost.com ...
Welcome.
It’s aged fairly well.
OMG it’s the Bush years again where the gas price went up when it rained
Every time Brandon goes into the Strategic Petroleum Reserves my comment to my husband is “Now what happens if a hurricane hits the Gulf?”
Five years ago Hurricane Harvey jacked PA prices from $2.39 to $2.89 in a couple of days.
Price never returned to pre-Harvey levels until early December 2018.
So at today’s prices a hurricane could at about 85 cents/gallon...pushing $6.00 in these parts.
So we could shift the blame from putin to hurricanes
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.