The summertime gas price spike has been driven by a combination of easing recession fears, production cuts by Russia and Saudi Arabia and extreme heat that has knocked offline some refinery activity.
The historic heatwaves could cause even more trouble by potentially setting the stage for powerful hurricanes.
Yeah ok.
Read as “whether or not hurricanes disrupt supplies, were going to use this fear as justification for raising prices anyways. We will post yet another year of record profits”