Will gas prices go back up because the rebels sabotaged Shell pipelines?
I’m not familiar with the exact incident you’re referring to, but the term rebels indicates to me that it is referring to an African nation. This means that it is an oil pipeline, not a gasoline pipeline. Currently the price of oil is only about 50% of the price of a gallon of gasoline. This means that if the price of oil goes up, gas isn’t affected quite as much. The price of oil is dropping quite steadily lately due to a lack of demand around the world. The Organization of Petroleum Exporting Countries (OPEC) just dropped their oil production by 1.5 million barrels of oil per day and yet oil prices continue to drop by $1-2 per day, sometimes more. This means that even the complete loss of one pipeline in Africa isn’t likely to have a significant effect on the price of oil. If you see a news story saying a gasoline pipeline or refinery in North America has been damaged, then you are likely to see a rise in gas prices. The reason for this is that the refinery and pipeline capacities in
