Hurricane season is upon us...
The Strategic Oil Reserve is at it's lowest level in many decades, thanks to JB...
Once the hurricanes begin shutting down all the rigs, we will have a massive shortage on our hands.
President Trump will be right, once again. We will be seeing $5+ gas with Biden.
It has nothing to do with hurricanes. Gulf oil production is just a drop in the bucket for oil production.
I will agree that I also think gas prices will be going up soon however it will be because of an increased oil demand from China/India etc.
Until you factor in that Biden has shut down a ton of inland rigs. We aren't producing much right now.