More often than not, retail gasoline prices start to move lower in the fall—but this is not a typical year.
Daniel James Graeber
Analysts are concerned the U.S. faces severe supply-side constraints.
Hurricane Ida left a long-lasting impact on the US energy sector, keeping gasoline prices high.
But analysts note that lingering storm activity along the U.S. Gulf Coast could make for a bumpy ride.
Ida compite con el huracán Katrina, de 2005, en cuanto a su impacto en el sector energético, con rigidez de precios en un punto máximo en 7 años.
Ida is rivaling 2005’s Hurricane Katrina in terms of the impact on the U.S. energy sector, with prices rigid at 7-year highs.
Unusual conditions in crude oil markets are stopping prices from running too hot.
Gas prices are at their highest since 2014, as Hurricane Ida leaves lasting impact on major U.S. refinery centers.
The rumor mill and potential impacts from Hurricane Ida led to substantial prices swings in intraday trading.