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Gas Prices Soar In Wake Of Harvey06:52
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With guest host Sacha Pfeiffer.

With refineries temporarily shut down, we look at how the tropical storm is driving up gas prices across the country.

People watch heavy rain from the relative safety of a flooded gas station caused by Tropical Storm Harvey in Houston. (Charlie Riedel/AP)
People watch heavy rain from the relative safety of a flooded gas station caused by Tropical Storm Harvey in Houston. (Charlie Riedel/AP)

Guest

Nathan Bomey, business reporter for USA Today. (@NathanBomey)

From the Reading List

USA Today: Hurricane Harvey Fuels Rise In Gasoline Prices As Refineries Shut Down — "With rain continuing to pummel the Houston region, U.S. motorists are likely to experience an increase of up to 25 cents per gallon in some areas. The national average price of gasoline, which was $2.38 Monday morning, up 4.9 cents from a week ago, typically lags wholesale prices. And wholesale prices in the Texas Gulf Coast are spiking."

Reuters: Oil Markets Roiled By Storm Harvey; U.S. Dollar Extends Fall — "Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, hitting the heart of the U.S. oil and gas industry. The U.S. dollar dropped to its lowest in roughly 16 months against a basket of major currencies and a more than 2-1/2-year low against the euro, following comments from central bankers on Friday and worries over the storm hurting the U.S. economy."

This segment aired on August 29, 2017.

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