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U.S. Fuel Prices Set for Volatile Summer

U.S. Fuel Prices Set for Volatile Summer

U.S. gasoline and diesel prices are set for a more volatile summer this year as an expected busier-than-usual hurricane season and extremely high temperatures could weigh on refinery production, analysts have told Reuters. A higher number of named storms could lead to more refinery shutdowns on the U.S. Gulf Coast, which hosts more than 47% of total U.S. petroleum refining capacity, as well as 51% of total U.S. natural gas processing plant capacity.   In addition, excessively hot summer temperatures along the Gulf Coast could…

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