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Detailed text transcripts for TV channel - MSNBC - 20170825:19:11:00

To be a bearish front for crude oil and going into as you said the labor day weekend this will be certainly a higher price environment for motorists. so this is an interesting point. people may see the price of oil getting lower because we re taking less of it out, but that doesn t mean your gas prices. typically we associate lower oil prices with lower gas prices but in this case it could result in higher refined gasoline prices. you didn t talk about the ordinarily shut down. the oil industry is very good at this. they get their work ersz off the rigs. they do it ahead of time. they seal up their rigs. bottom line though is there is some permanent damage that can be done with a category 3 hurricane to either pipelines, refineries, shipping channels. this could have longer term effects, longer than a few days on gasoline price and potentially access to gasoline. right. absolutely. and so what we go back to in a case like this is we go back to history the the last time that a signi ....

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