It's no secret that defense budgets are on the move around the globe. But, shares of defense stocks might be due for a breather.
While the Houston area deals with the worst storm to hit the Texas coastline in half a century, industry followers are realizing Harvey could have global implications.
The move comes as U.S. gasoline prices skyrocketed Thursday morning due to an East Coast pipeline shutdown by the nation's largest gasoline transporter, Colonial Pipeline Co.
The oil will be transported to the Phillips 66 refinery in Lake Charles, LA.