Extreme Weather In Gulf Leads To Gas Price Spike

WESTCHESTER COUNTY, N.Y. -- Severe weather in the Gulf of Mexico prompted a 5 percent spike in gas prices on Monday, according to Market Watch.

Severe weather in the Gulf of Mexico has caused a spike in gas prices.
Photo Credit: *File*

Joe Jenkins

06/17/2015 6:00 p.m.

The remains of Tropical Storm Bill are expected to make landfall in Texas near areas that have already suffered extensive flooding damage. While the weather itself would have caused instability in the gas market, the potential for increased onshore demand is also playing a big role, Market Watch reported.

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