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Hurricane season an unusual one for gas prices, here's why
We’ll see low gas prices for ‘foreseeable future’: Expert
The Schork Group Principal Stephen Schork provides insight into oil and gas demand and prices going into the fall.
While the nation's gas prices normally see an uptick when hurricanes pound the refinery-rich stretch of the Gulf Coast, experts say this year, that isn't the case.
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"Typically, hurricanes like Laura, Sally and Delta would have impacted gas prices on a national level, but this year is not a typical one," AAA spokesperson Jeanette Casselano McGee told FOX Business Monday.
OIL PRICES CONTINUE DECLINE AS US PRODUCERS RAMP UP PRODUCTION AFTER HURRICANE DELTA
Refiners are expected to shut down until the storm passes, possibly disrupting gasoline supplies. The stronger the storm, the more concerns arise regarding refinery wreckage and a potential drop in refinery crude demand.