Ernesto Update, Sunday Morning

Well, Hurricane Ernesto has now been forecasted to miss much of the Gulf’s oil and refining output, and I think that as long as the storm track keeps moving to the east as it has the past few days, we should see minimal gains in wholesale prices. I’ll send out a prediction e-mail later this evening, so stay tuned.

Current storm track:

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  1. Not good for Florida but excellent news for oil and gas.

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