As gas prices hit 10-month highs, Citi warns major hurricanes could ‘massively’ disrupt supplies

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As gas prices hit 10-month highs, Citi warns major hurricanes could 'massively' disrupt supplies | CNN Business

https://www.cnn.com/2023/08/17/energy/gas-prices-hurricanes-citi-warning/index.html

A bad hurricane season could cost Americans at the gas pump.

As gas prices hit 10-month highs, Citi warns major hurricanes could 'massively' disrupt supplies | CNN Business

The summertime gas price spike has been driven by a combination of easing recession fears, production cuts by Russia and Saudi Arabia and extreme heat that has knocked offline some refinery activity.

The historic heatwaves could cause even more trouble by potentially setting the stage for powerful hurricanes.