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…