"Just as a matter of geography, there is no direct effect on the oil and gas market," Pavel Molchanov, a senior energy analyst at Raymond James, told ABC News. "Florida is not an energy-producing state in the way Texas and Louisiana are."
Those facilities produce 485,000 barrels per day and represent 27% of oil production in the Gulf of Mexico but less than 5% of overall U.S. oil production, Lipow said. "It's just one state in the union and a state that really does not produce a lot of food," Kenneth Scott Zuckerberg, lead economist for grain and farm supply with CoBank, told ABC News. "In the grand scheme of things, this is well within the context of what happens in the agricultural sector."
Phosphate, a key ingredient of fertilizer, is mined and manufactured in the Tampa Bay-area, where a single company, Mosaic, produces 50% of North American phosphate fertilizer, theDamage to phosphate-related facilities could disrupt the tight market for fertilizer, but farmers typically accept smaller profit margins rather than pass the cost increases along to consumers, Zuckerberg said.Another top export in Florida, citrus fruit, accounts for 70% of such foods produced in the U.S.
Fruit from Florida but it's just one state. Grocery stores will price gouge. I'm going to start reporting it. I'm sick of price gouging.
Hold off on sending billions to Ukraine we have our own problems HERE TO SOLVE FIRST BRANDON..
Nice way to tee it up as the next liberal excuse
FEMA is a cash cow for Republican controlled states. Defund FEMA, like yesterday!
The “price hikes” were here well ahead of the hurricane. JS
Imagine what we could have used those billions of proxy war dollars for.
Someone saw this coming
And… report such gouges… Also remember it and NEVER shop said store:chain or buy said brand ever again… It takes a village folks…
Any reason to price gouge is good for the CEO,s of big oil.
Fear mongering
Why? Do they have refineries? Oil? Any resources at all?
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