Sandy Sends Oil, Gasoline Prices in Opposite Directions

A Hess Corp. oil refinery in Port Reading, N.J. Photograph by Mark Lennihan/AP Photo

It’s official: Hurricane Sandy is now the biggest tropical storm ever to hit the northeast U.S. Total damage is expected to rise into the billions and could rival the $15 billion of destruction caused by Hurricane Irene last August. The economic effects are already being felt, particularly in the energy sector.

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