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Rahny Taylor's Blog

A Bright Side Of Hurricane Sandy For You

I feel bad saying this, but there could actually be a bright side to Hurricane Sandy.

According to oil analysts, Superstorm Sandy is going to mean CHEAPER GAS FOR YOU. 

There were a few refineries in Sandy's path which had to shut down, and that means a dip in oil production in the country.  BUT . . . all the people missing work, staying home, and not being able to drive on flooded roads saves a TON of gas.
So while the supply of gas will probably drop by about 1.5 million barrels, the demand has dropped MORE, by about two million barrels.  AND there's a drop in jet fuel demand because of all the flights that were canceled.
An oil industry expert says that supply-demand breakdown means [Gas] could be $by next week.

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11/01/2012 7:30AM
A Bright Side Of Hurricane Sandy For You
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