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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

Published Sun, Aug 27, 2017 · 09:50 PM
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Houston

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 hurricane the region has seen in a decade, also sapped power and gas demand as people evacuated and temperatures fell.

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