Ida is rivaling 2005’s Hurricane Katrina in terms of the impact on the U.S. energy sector, with prices rigid at 7-year highs.
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The price for oil collapsed some 7.5 percent last week, but rebounded 8 percent during the first two trading days of the week.
The post Bumpy Ride For Crude Oil Prices Postpones Relief At The Pump appeared first on Zenger News.
Citing weeks of federal data showing surging demand, analysts say gas prices could be stuck above $3 per gallon all summer.
The post Incurable Demand Looks Set To Make It A Summer Of $3 Gas appeared first on Zenger News.