(THE HILL) — Hurricane Harvey delivered a big hit to the nation’s oil industry and the effects could last long after its flood waters recede.
The storm knocked out wide swaths of American refining capacity along the Gulf Coast this week, raising gas prices and threatening to dampen the bright economic picture that President Trump has touted through his first nine months in office.
The national average gasoline price on Friday was $2.45 per gallon, according to auto group AAA, about $0.12 more expensive than two weeks ago, as refineries in the Gulf remain offline or slow to resume operations.
