Hurricane Milton hampers gasoline supply chain

Given the disruptions caused by Hurricane Milton, fuel demand in Florida is likely to spike as residents prepare, but the supply chain disruption could limit fuel availability, potentially leading to higher prices in the medium term. It may positively affect oil companies that have exposure in the region, especially once normal operations resume post-storm.

In the short-term, the situation could be challenging for Chevron as their operations are also affected by the storm, however, their strong operational capacity and recovery plans may allow them to rebound quickly once supply resumes, so the long-term outlook remains stable.

Although ConocoPhillips is facing similar challenges due to supply chain disruptions from the storm, their large-scale operations may mitigate immediate concerns, making them a potential positive investment opportunity in the longer run.

Shell's fluctuations might be less predictable due to the storm's impact and its dependency on supply routes, which could lead to a negative outlook in the short term as the operational disruptions may affect stock performance.