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Hurricane Barry Could Cause a Spike in Gas Prices

Avi Salzman

One impact of Hurricane Barry could be a sharp increase in gasoline prices in parts of the country, according to an energy and infrastructure portfolio manager. About half of U.S. refining capacity is near the Gulf of Mexico, with 18% in Louisiana alone. Many of those refineries could be impacted by Tropical Storm Barry, which was projected to drop more than 10 inches of rain on New Orleans and the surrounding region as of the Friday forecast.