Gas prices set to spike as Harvey pummels Houston - News Summed Up

Gas prices set to spike as Harvey pummels Houston


That's going to mean higher gas prices at the pump. Gasoline futures, which reflect wholesale prices charged to gas stations, are now at their highest level since July 2015. Related: 10 refineries close as Harvey drenches Texas energy hubHarvey slammed into Texas as a Category 4 hurricane on Friday night. Rick Joswick, managing director of global oil at PIRA Energy, predicted prices will "spike" by a similar amount this time. Oil prices have had a much more muted response to Harvey, with crude trading slightly lower late Sunday.


Source: CNN August 28, 2017 02:37 UTC



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