Record US summer heat, hurricanes could roil fuel prices as oil refiners sweat

8 July 2024 Time to read:  minutes

“The intensity and timing of Beryl, which at one point became the earliest Category 5 hurricane on record, signals an active and disruptive season ahead”, said Neil Crosby, crude market analyst at Sparta.

Reuters, July 8, 2024 – Neil Crosby, a crude market analyst at Sparta, commented on the potential impact of the 2024 hurricane season and record summer heat on U.S. fuel prices. He highlighted that the intensity and timing of Tropical Storm Beryl underscore the challenges ahead for U.S. refiners, potentially leading to volatile fuel prices due to disruptions in refining capacity and supply chains.

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