Storm Cuts US Oil, Gas, Power Output, Sending Prices Higher

Storm Cuts US Oil, Gas, Power Output, Sending Prices Higher
A driver makes his way through a flooded street at high tide during a winter storm in Gloucester, Mass., on Dec. 23, 2022. Brian Snyder/Reuters
Reuters
Updated:
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Frigid cold and blowing winds on Friday knocked out power and cut energy production across the United States, driving up heating and electricity prices as people prepared for holiday celebrations.

Winter Storm Elliott brought sub-freezing temperatures and extreme weather alerts to about two-thirds of the United States, with cold and snow in some areas to linger through the Christmas holiday.