![]() ![]() At least one and up to four of the storms are expected to be a Category 3 or higher. Five to nine of the storms are anticipated to become hurricanes. Although a significant hurricane has yet to hit the U.S., forecasters have predicted between 12 and 18 storms this season. Hurricane season is June through November. Strong storms heighten prices by disrupting production and causing supply problems. Hurricane season also can negatively impact gas prices. ![]() These housing markets to be hit hardest by Fed rate hikeĪnother factor is cuts in the global oil supply after Saudi Arabia announced it would slash production by 1 million barrels per day starting this month. ![]()
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