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Gas market takes a hit as Hurricane Harvey slams into Texas

Demand for power seen plunging as people evacuate and temperatures fall

Insurance stocks were among the biggest decliners in the S&P 500 Index as investors weighed the impact of home and auto damages tied to Hurricane Harvey, which hit Texas as a Category 4 storm over the weekend.


HURRICANE Harvey has forced natural gas drilling platforms to evacuate and pipelines to shut, curbing supplies of the power-plant fuel across the US Gulf Coast. So why aren't electricity and gas prices skyrocketing?

Because Harvey, which slammed into Texas as the worst...