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Oil and gasoline futures rose as two back-to-back storms that are on track to hit the Gulf of Mexico this week prompted the shutdown of some production in the region.
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Scooped by Grant Hassinger |
Scoop.it!
Grant Hassinger's insight:
It's interesting that every year similar changes happen to some degree especially when the hurricanes approach oil refineries along the Texan coast. This year however, the price of oil and gasoline has been less affected partly due to the demand of oil going down because of the pandemic. Also an example on coastal processes effecting change throughout the world and inland economies.
Keitreice's comment,
August 27, 2020 2:04 PM
I agree it seems this is always the story. its weird how in the beginning of the pandemic prices were ultra low. Guess I should fill my tank while I can haha
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