Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast, but the impact on the overall U.S. economy should be modest.
is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast, but the impact on the overall U.S. economy should be modest so long as damage estimates don't rise sharply and refinery shutdowns are not prolonged, economists suggested Sunday.
“The key channel for Ida to impact the broader economy is through energy prices,” Zandi said. “We will have to see how much damage occurred to production in the Gulf and how long that production will stay offline.” Brian Bethune, an economist at Boston College, said he agreed that a brief jump of up to 20 cents a gallon for gasoline was likely. Still, Bethune cautioned that the price increase could be more severe depending on how long the production shutdowns last and whether other regions have alternative supplies. He noted that after the hack of the Colonial Pipeline earlier this year, some states saw prices rise sharply as service stations ran out of gas.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hurricane Ida live updates: Ida may be 1 mph short of being Category 5 hurricaneHURRICANE IDA LATEST: Ida's northern eyewall is now approaching southeast Louisiana. -40 Miles SSE of Grand Isle, LA, moving NW at 14 MPH -Extreme Wind Warning remains in effect for parts of southeast Louisiana -Remaining residents advised to take cover
Leer más »
U.S. Gulf Coast braces for Hurricane Ida after Cuba takes hitHurricane Ida intensified over warm Gulf of Mexico waters and took aim at the U.S. Gulf Coast on Saturday, prompting tens of thousands in Louisiana and offshore energy workers to flee to safety.
Leer más »
Hurricane Ida Live Cam: Watch as New Orleans, Gulf Coast prepare for dangerous stormHurricane Ida is gaining intensity as it barrels through the Gulf of Mexico, and it's expected to be a very dangerous storm at landfall.
Leer más »
Gulf Coast braces for Sunday arrival of Hurricane IdaAfter slamming Cuba twice in fewer than 24 hours, Hurricane Ida is expected to pummel Louisiana on Sunday, urging evacuations in New Orleans and the surrounding coastal region.
Leer más »
Hurricane Ida strengthens into Category 4 storm as it approaches Gulf CoastHurricane Ida has rapidly intensified into a Category 4 storm, with sustained winds of 130 mph
Leer más »
Hurricane Ida Intensifies To Category 4 As It Barrels Toward Gulf CoastThe potentially devastating storm is expected to make landfall Sunday afternoon.
Leer más »