After hurricane, gas prices remain low while oil supply is high – KTBS

After hurricane, gas prices remain low while oil supply is high – KTBS

SHREVEPORT, La – Despite the aftermath of Hurricane Laura, gas prices remain low, experts say.

Michael Moncla, acting president of the Louisiana Oil and Gas Association, says this is a large supply and a low demand.

“Well, I mean the pandemic is obviously all over the country,” Moncla said. “So that has resulted in a decrease in the amount of oil or gas that people use. So the oil or gas that…

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