Retail News

Harvey’s effects felt far and wide as gas prices rise

CNN Money 08/28/2017

At least 10 oil refineries have been forced to close in the area assaulted by Hurricane Harvey over the weekend. U.S. gas futures spiked as high as 7 percent at one point, having an immediate impact on wholesale petroleum prices and expected to trickle down to retail pricing in about a week. On the bright side, according to Reuters, gasoline price hikes following natural disasters like hurricanes don’t tend to last long.

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