Re: Why is...
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Originally Posted by mdoyle
1 out of every 4 gallons of gas consumed in the U.S. is refined in Houston, right now the power is out to most of that area and it's underwater.
So in this situation the price of a barrel isn't as important as being able to refine it.
Frankly I'm surprised gas hasn't gone higher now that the extent of the damage is known.
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wouldnt the price per barrel go up if this was the case?
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