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					                    <h1 class="story-h gn-speakable-title">Harvey&#8217;s Texas flooding to cause gas price hikes across North America</h1>
										
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    	<p>The devastating flooding in Texas in the wake of Hurricane Harvey will cause pain at the pumps across North America for the next few weeks, according to Dan McTeague, senior petroleum analyst with GasBuddy.</p><p>McTeague predicted &#8220;steep price hikes&#8221; in Canada and the U.S., as Hurricane Harvey, now downgraded to tropical storm Harvey, wreak havoc in a region that is key to America&#8217;s oil-refining industry.</p>	<div class="story-ad-read-more"><a href="javascript:void(0);">Story continues below</a></div>
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<p><strong>READ MORE: <a href="https://globalnews.ca/news/3700079/hurricane-harvey-houston-flooding/">Battered by Hurricane Harvey, Houston braces for even more flooding</a></strong></p><p>&#8220;With a portion of total U.S. gasoline production shut due to the prolonged effects of Hurricane Harvey, Canadians should expect a noticeable increase beginning this Wednesday,&#8221; the analyst said in a note on Monday morning.</p><p>Vancouver, Victoria and most of B.C. can expect an increase of three cents a litre, McTeague wrote. Calgary, Edmonton, Regina, Saskatoon and Winnipeg will likely see prices climb between three and eight cents a litre. In Toronto and most of Ontario prices will probably rise five cents a litre. Montreal is in for the steepest hike, at 15 cents to about $1.279 a litre by mid-week. In the Maritimes and Newfoundland prices will rise by five cents a litre.</p><p><strong>WATCH: Hurricane Harvey is already affecting the gas supply in Canada, which is boosting demand.</strong></p>			<a class="story-img-link" data-displayinline-type="video" data-displayinline-stickyiframe="video_3702371" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/3702371/#autoplay&#038;stickyiframe=video_3702371">
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		<p><strong> </strong>Texas is home to a quarter of U.S. crude oil refining capacity and some areas are expected to receive a year&#8217;s worth of rainfall in a week.</p><p>So far, Harvey has knocked out about a tenth of the country&#8217;s refinery capacity, BMO economist Sal Guatieri wrote in a research note this morning.</p><p><strong>READ MORE: <a href="https://globalnews.ca/news/3698981/hurricane-harvey-2-dead-sheriff-death-toll-could-rise/" target="_blank" rel="noopener">Tropical Storm Harvey causing catastrophic flooding in Houston, thousands flee homes</a></strong></p><p>&#8220;The damage could worsen if continued rains extend the flooding,&#8221; he added.</p><p>Harvey has knocked out a quarter of oil production from the Gulf of Mexico, prompting fears it could overturn years of excess U.S. oil capacity and low prices.</p><p><strong>WATCH BELOW: Dramatic video from Hurricane Harvey aftermath</strong><br />			<section>
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				<h4>TV news crew helps rescue stranded truck driver during Tropical Storm Harvey</h4>
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			data-miniplayer-video="https://globalnews.ca/video/embed/3700407/#autoplay"
			>
				<img src="https://i1.wp.com/media.globalnews.ca/videostatic/143/471/Storyful-178025-Drone_Footage_Shows_Devastation_Caused_in_Aransas_Pass_by_Harvey_848x480_1034165315971.jpg?w=300&#038;quality=70&#038;strip=all" alt="Drone video shows devastation in Aransas Pass caused by Hurricane Harvey">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3700407/drone-video-shows-devastation-in-aransas-pass-caused-by-hurricane-harvey" title="Drone video shows devastation in Aransas Pass caused by Hurricane Harvey" data-vid_id="3700407">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1034162755748" data-v_count_id="1034162755748" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>02:31</span></div>
</div>
						<h5>Drone video shows devastation in Aransas Pass caused by Hurricane Harvey</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3698873/incredible-raw-video-captures-full-force-of-hurricane-harvey-as-it-hits-fulton-tx" title="Incredible raw video captures full force of Hurricane Harvey as it hits Fulton, TX" data-vid_id="3698873"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3698873/#autoplay"
			>
				<img src="https://i0.wp.com/media.globalnews.ca/videostatic/478/507/SAT_INCREDIBLE_VIDEO_THUMB_260817.jpg?w=300&#038;quality=70&#038;strip=all" alt="Incredible raw video captures full force of Hurricane Harvey as it hits Fulton, TX">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3698873/incredible-raw-video-captures-full-force-of-hurricane-harvey-as-it-hits-fulton-tx" title="Incredible raw video captures full force of Hurricane Harvey as it hits Fulton, TX" data-vid_id="3698873">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033440323798" data-v_count_id="1033440323798" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>03:40</span></div>
</div>
						<h5>Incredible raw video captures full force of Hurricane Harvey as it hits Fulton, TX</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3700210/hurricane-harvey-leaves-seniors-stranded-in-waist-deep-water-at-nursing-home" title="Hurricane Harvey leaves seniors stranded in waist-deep water at nursing home" data-vid_id="3700210"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3700210/#autoplay"
			>
				<img src="https://i0.wp.com/media.globalnews.ca/videostatic/93/171/Hurricane_HArvey_PKG_0800_848x480_1034109507921.jpg?w=300&#038;quality=70&#038;strip=all" alt="Hurricane Harvey leaves seniors stranded in waist-deep water at nursing home">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3700210/hurricane-harvey-leaves-seniors-stranded-in-waist-deep-water-at-nursing-home" title="Hurricane Harvey leaves seniors stranded in waist-deep water at nursing home" data-vid_id="3700210">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1034110019611" data-v_count_id="1034110019611" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>01:43</span></div>
</div>
						<h5>Hurricane Harvey leaves seniors stranded in waist-deep water at nursing home</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3699903/live-tv-coverage-spots-stuck-vehicle-in-fast-moving-flood-waters-from-traffic-camera-person-rescued" title="Live TV coverage spots vehicle stuck in fast moving flood waters from traffic camera, person rescued" data-vid_id="3699903"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3699903/#autoplay"
			>
				<img src="https://i0.wp.com/media.globalnews.ca/videostatic/981/935/1503889640.067--54.666c1503889723.867--123.866c1503891563.667--225.033_848x480_1033968707840.jpg?w=300&#038;quality=70&#038;strip=all" alt="Live TV coverage spots vehicle stuck in fast moving flood waters from traffic camera, person rescued">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3699903/live-tv-coverage-spots-stuck-vehicle-in-fast-moving-flood-waters-from-traffic-camera-person-rescued" title="Live TV coverage spots vehicle stuck in fast moving flood waters from traffic camera, person rescued" data-vid_id="3699903">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033968195741" data-v_count_id="1033968195741" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>06:43</span></div>
</div>
						<h5>Live TV coverage spots vehicle stuck in fast moving flood waters from traffic camera, person rescued</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3699312/man-sticks-with-sunk-truck-drifting-in-flood-waters-in-houston" title="Man sticks with sunk truck drifting in flood waters in Houston" data-vid_id="3699312"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3699312/#autoplay"
			>
				<img src="https://i2.wp.com/media.globalnews.ca/videostatic/748/27/truck_lost_848x480_1033724995742.jpg?w=300&#038;quality=70&#038;strip=all" alt="Man sticks with sunk truck drifting in flood waters in Houston">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3699312/man-sticks-with-sunk-truck-drifting-in-flood-waters-in-houston" title="Man sticks with sunk truck drifting in flood waters in Houston" data-vid_id="3699312">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033722947725" data-v_count_id="1033722947725" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>00:44</span></div>
</div>
						<h5>Man sticks with sunk truck drifting in flood waters in Houston</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3699302/boats-fill-roads-in-texas-as-rescue-workers-provide-help-during-flooding" title="Boats fill roads in Texas as rescue workers provide help during flooding" data-vid_id="3699302"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3699302/#autoplay"
			>
				<img src="https://i2.wp.com/media.globalnews.ca/videostatic/746/75/boat_road_848x480_1033722435775.jpg?w=300&#038;quality=70&#038;strip=all" alt="Boats fill roads in Texas as rescue workers provide help during flooding">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3699302/boats-fill-roads-in-texas-as-rescue-workers-provide-help-during-flooding" title="Boats fill roads in Texas as rescue workers provide help during flooding" data-vid_id="3699302">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033720899722" data-v_count_id="1033720899722" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>00:45</span></div>
</div>
						<h5>Boats fill roads in Texas as rescue workers provide help during flooding</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3699291/boat-flips-as-people-try-to-travel-through-flooded-waters-in-houston" title="Boat flips as people try to travel through flooded waters in Houston" data-vid_id="3699291"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3699291/#autoplay"
			>
				<img src="https://i1.wp.com/media.globalnews.ca/videostatic/744/123/boat_flips_848x480_1033720387770.jpg?w=300&#038;quality=70&#038;strip=all" alt="Boat flips as people try to travel through flooded waters in Houston">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3699291/boat-flips-as-people-try-to-travel-through-flooded-waters-in-houston" title="Boat flips as people try to travel through flooded waters in Houston" data-vid_id="3699291">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033718851611" data-v_count_id="1033718851611" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>00:35</span></div>
</div>
						<h5>Boat flips as people try to travel through flooded waters in Houston</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3699093/houston-residents-wade-through-waist-high-water-after-harvey" title="Houston residents wade through waist high water after Harvey" data-vid_id="3699093"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3699093/#autoplay"
			>
				<img src="https://i0.wp.com/media.globalnews.ca/videostatic/666/995/Texas_residents_848x480_1033636419892.jpg?w=300&#038;quality=70&#038;strip=all" alt="Houston residents wade through waist high water after Harvey">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3699093/houston-residents-wade-through-waist-high-water-after-harvey" title="Houston residents wade through waist high water after Harvey" data-vid_id="3699093">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033637955705" data-v_count_id="1033637955705" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>01:43</span></div>
</div>
						<h5>Houston residents wade through waist high water after Harvey</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3699021/15-people-rescued-from-capsized-boat-in-texas-hurricane-zone" title="15 people rescued from capsized boat in Texas hurricane zone" data-vid_id="3699021"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3699021/#autoplay"
			>
				<img src="https://i1.wp.com/media.globalnews.ca/videostatic/640/118/boat_capsize_848x480_1033606211993.jpg?w=300&#038;quality=70&#038;strip=all" alt="15 people rescued from capsized boat in Texas hurricane zone">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3699021/15-people-rescued-from-capsized-boat-in-texas-hurricane-zone" title="15 people rescued from capsized boat in Texas hurricane zone" data-vid_id="3699021">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033609795557" data-v_count_id="1033609795557" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>00:45</span></div>
</div>
						<h5>15 people rescued from capsized boat in Texas hurricane zone</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3698809/rockport-texas-devastated-after-hurricane-harvey-makes-landfall" title="Rockport, Texas devastated after Hurricane Harvey makes landfall" data-vid_id="3698809"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3698809/#autoplay"
			>
				<img src="https://i0.wp.com/media.globalnews.ca/videostatic/410/639/SAT_HARVEY_PKG_260817.jpg?w=300&#038;quality=70&#038;strip=all" alt="Rockport, Texas devastated after Hurricane Harvey makes landfall">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3698809/rockport-texas-devastated-after-hurricane-harvey-makes-landfall" title="Rockport, Texas devastated after Hurricane Harvey makes landfall" data-vid_id="3698809">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033369155947" data-v_count_id="1033369155947" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>01:49</span></div>
</div>
						<h5>Rockport, Texas devastated after Hurricane Harvey makes landfall</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3698563/tugboat-takes-on-hurricane-harvey-head-on" title="Tugboat takes on Hurricane Harvey head-on" data-vid_id="3698563"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3698563/#autoplay"
			>
				<img src="https://i0.wp.com/media.globalnews.ca/videostatic/326/655/SAT_TUGBOAT_THUMB_260817.jpg?w=300&#038;quality=70&#038;strip=all" alt="Tugboat takes on Hurricane Harvey head-on">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3698563/tugboat-takes-on-hurricane-harvey-head-on" title="Tugboat takes on Hurricane Harvey head-on" data-vid_id="3698563">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033281091982" data-v_count_id="1033281091982" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>00:50</span></div>
</div>
						<h5>Tugboat takes on Hurricane Harvey head-on</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3698417/woman-and-her-dogs-rescued-from-flooding-during-hurricane-harvey" title="Woman and her dogs rescued from flooding during Hurricane Harvey" data-vid_id="3698417"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3698417/#autoplay"
			>
				<img src="https://i1.wp.com/media.globalnews.ca/videostatic/290/519/Dog_rescue_848x480_1033245763530.jpg?w=300&#038;quality=70&#038;strip=all" alt="Woman and her dogs rescued from flooding during Hurricane Harvey">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3698417/woman-and-her-dogs-rescued-from-flooding-during-hurricane-harvey" title="Woman and her dogs rescued from flooding during Hurricane Harvey" data-vid_id="3698417">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033243203626" data-v_count_id="1033243203626" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>00:52</span></div>
</div>
						<h5>Woman and her dogs rescued from flooding during Hurricane Harvey</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3698298/police-save-man-stuck-in-the-flood-after-hurricane-harvey" title="Police save man stuck in the flood after Hurricane Harvey" data-vid_id="3698298"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3698298/#autoplay"
			>
				<img src="https://i2.wp.com/media.globalnews.ca/videostatic/249/3/GTexas_flood_848x480_1033202755813.jpg?w=300&#038;quality=70&#038;strip=all" alt="Police save man stuck in the flood after Hurricane Harvey">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3698298/police-save-man-stuck-in-the-flood-after-hurricane-harvey" title="Police save man stuck in the flood after Hurricane Harvey" data-vid_id="3698298">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033199683993" data-v_count_id="1033199683993" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>01:05</span></div>
</div>
						<h5>Police save man stuck in the flood after Hurricane Harvey</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3698147/hurricane-harvey-blows-the-roof-off-a-building" title="Hurricane Harvey blows the roof off a building" data-vid_id="3698147"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3698147/#autoplay"
			>
				<img src="https://i1.wp.com/media.globalnews.ca/videostatic/176/255/Harvey_rook_rip_848x480_1033130563513.jpg?w=300&#038;quality=70&#038;strip=all" alt="Hurricane Harvey blows the roof off a building">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3698147/hurricane-harvey-blows-the-roof-off-a-building" title="Hurricane Harvey blows the roof off a building" data-vid_id="3698147">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033123395993" data-v_count_id="1033123395993" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>00:31</span></div>
</div>
						<h5>Hurricane Harvey blows the roof off a building</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3698042/hurricane-harvey-whips-up-flames-on-burning-building-near-texas-coast" title="Hurricane Harvey whips up flames on burning building near Texas coast" data-vid_id="3698042"
								data-miniplayer="miniplayer_5a88939737727"
			data-miniplayer-video="https://globalnews.ca/video/embed/3698042/#autoplay"
			>
				<img src="https://i2.wp.com/media.globalnews.ca/videostatic/120/99/SAT0050_WeatherVOHarveyWindWhipHomesonFi_848x480_1033064003884.jpg?w=300&#038;quality=70&#038;strip=all" alt="Hurricane Harvey whips up flames on burning building near Texas coast">
	</a>
	<a class="video-thumb video-title-link" href="https://globalnews.ca/video/3698042/hurricane-harvey-whips-up-flames-on-burning-building-near-texas-coast" title="Hurricane Harvey whips up flames on burning building near Texas coast" data-vid_id="3698042">
		<div>
<div class="stats">
<div class="views" style="display:none;"><span class="icon icon-eye-grey"></span>		<span class="gnca_views_theplatform the_platform_id_1033064515745" data-v_count_id="1033064515745" style="display:none;"></span>
	</div>
<div class="time-submitted"><span class="icon icon-clock-grey"></span><span>00:42</span></div>
</div>
						<h5>Hurricane Harvey whips up flames on burning building near Texas coast</h5>
		</div>
	</a>
										</article>
									</div>
								</div><!-- .story  -->
																<div class="story">
									<div class="story-contain">
										<article>
												<a class="video-thumb" href="https://globalnews.ca/video/3698083/hurricane-harvey-destroys-high-school-in-rockport-texas" title="Hurricane Harvey destroys high school in Rockport, Texas" data-vid_id="3698083"
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						<h5>Hurricane Harvey destroys high school in Rockport, Texas</h5>
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			</p><p>&#8220;Although the full impact of the storm&#8217;s damage is yet to be determined, the markets expect the impact will be felt globally and affect energy markets for many weeks,&#8221; an analyst at FxPro said in a note.</p><p>The storm will bring more torrential rain in the Gulf of Mexico and the battered Houston area over the next few days, according to the <a href="https://weather.com/storms/hurricane/news/tropical-storm-hurricane-harvey-rain-flood-forecast-texas-louisiana">Weather Channel</a>.</p><p><strong>READ MORE: <a href="https://globalnews.ca/news/3700055/hurricane-harvey-houston-rebuild/" target="_blank" rel="noopener">Canadian forestry company plans to help Houston rebuild with lumber shipment</a></strong></p><p>Isolated outbursts could bring up to 127 centimetres of rain by later this week, the weather forecast reads.</p><p>Harvey also clipped U.S. oil production, with five per cent of the country&#8217;s output shut down by the storm, Guatieri noted.</p><p><strong>WATCH: The aftermath of Hurricane Harvey</strong></p>			<a class="story-img-link" data-displayinline-type="video" data-displayinline-stickyiframe="video_3699837" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/3699837/#autoplay&#038;stickyiframe=video_3699837">
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		<h3><strong>Storms sends loonie slightly higher</strong></h3><p>For Canadians at least, sharply higher prices at pump come with a small silver lining. Concerns about the impact of the storm on U.S. energy infrastructure and overall economic growth, in fact, has helped push the U.S. dollar, propping up the loonie as a result.</p><p><strong>READ MORE: <a href="https://globalnews.ca/news/3699700/canadian-expats-hurricane-harvey/" target="_blank" rel="noopener">‘Everything is overflowing’: Canadians in Texas grapple with Harvey’s wrath</a></strong></p><p>The Canadian dollar had already crossed the 80 cents mark against the greenback on Friday, following statements by U.S. Federal Reserve chair Janet Yellen that disappointed investors. News of the devastation in Texas helped push the Canadian currency even higher in early trading on Monday morning.</p><p><strong>WATCH: Incredible raw video captures full force of Hurricane Harvey as it hits</strong></p>			<a class="story-img-link" data-displayinline-type="video" data-displayinline-stickyiframe="video_3698873" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/3698873/#autoplay&#038;stickyiframe=video_3698873">
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		<p>The impact of the storm on U.S. economic growth in the third quarter of the year (the July to September period) will depend on the length of the refinery and oil production shutdowns and the extent of the damage to the regional energy infrastructure, wrote Guatieri.</p><p>U.S. economic growth more than halved in the quarter after Hurricane Katrina mauled Louisiana in August 2005, but bounced back by early 2006 as reconstruction began and<span class="highlight"> gasoline </span>prices moderated.</p><p>– <em>With files from Reuters</em></p>	
		
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