An energy analyst suggested Friday that gas prices may skyrocket even more if a hurricane hits an oil refinery, warning that they may reach “apocalyptic” levels.
“Let’s be candid … what I’m hearing is the progress was on relaxing some of the summer standards for gasoline so that you can put some cheap components in and swell the gasoline pool,” Oil Price Information Service energy analysis global head Tom Kloza told Fox Business.
He added that “I think a lot of refiners would like to see that, that would mean we’d be able to import stuff that doesn’t meet U.S. muster in the summer, and it’s a positive sign … unfortunately, positive signs between now and … the middle of August may be just overwhelmed if we have an active tropical season.”…