Gas Prices Fall After Hurricane Sandy - Business Insider

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Gas Prices Fall After Hurricane Sandy - Business Insider Oct 31st 2012, 16:18 Rob Wile for Business Insider National gas prices are down more than $0.10 from last week as drivers avoided roads in the wake of floods caused by Hurricane Sandy. Wednesday's national average stood at $3.521, compared with $3.625 seven days ago, according to AAA's Fuel Gauge report. But energy analyst Stephen Schork says prices could go back up. "...With a good deal of the Mid-Atlantic still in the dark, looming supply destruction from the storm is masked by extant demand destruction," he said in his note for Wednesday. Here's his rundown of what he's talking about, using data compiled from Bloomberg: Bloomberg data via Stephen Schork Schork warns Sandy will skew crude supply reports (and thus markets) "for the next several weeks," if not months. SEE ALSO: The World's Newest Biggest Oil Companies > Source: http://www.businessinsider.com/gas-prices-fall-after-hurricane-sandy-2012-10

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