Facebook Facebook Twitter Text iPhone Android

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.


Tags :  
Topics : Business_FinanceEnvironment
Social :


Share This: | More


 
11/01/2012 7:30AM
A Bright Side Of Hurricane Sandy For You
Please enter your comments below.
Title :
Comment :


advertise with us
Recent Blog Posts
Wallet is stuffed!
This paper is delicious. Imma eat it!
Fake Enthusiasm Hedge Fund
Sortof Spring, but Still Winning!
Internet not making you smarter
Snow offset
Wiffle Ball. No 'roids required.
Snow Joke...
Categories
Archives