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What Hurricane Ian means for oil and gasoline prices
Hurricane Ian is not expected to pose a major threat to the national supply of oil and gasoline even as the Category Three storm derails some oil production in the Gulf of Mexico. Oil prices jumped 2.4% Tuesday morning, though they remain near eight-month lows and down sharply over the past week. Hurricane Ian is barreling down on West and Central Florida with powerful winds of 125 miles per hour. Although there could be localized supply issues in Florida caused by the storm, Hurricane Ian does not appear to be a major risk to the national supply of oil and gasoline in large part because Florida is not a major ... (full story)
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- Posted: Sep 28, 2022 2:11am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 195
