Heat, Hurricane Season and Soaring Gas Prices
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Gasoline has been shooting higher, with the national average at $3.83 a gallon -- a nine-month high. This week, market participants told Power Corridor they are expecting tight fuel inventories, refinery outages and a potentially active hurricane season to keep prices elevated.
One of the main reasons for the rising cost of fuel: Outrageous summer heat that's broken multiple records and made it virtually impossible for the nation's fuel refineries to keep up with summer driving season demand.
Source Fool.com
