Hurricane Harvey To Send Gas Prices Higher As Refineries Remain Shutdown

Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity.

It will be days or even weeks before the energy sector in the southeast Texas Gulf Coast is back to normal operations as it deals with flooding in the aftermath of Harvey, which has been downgraded to a tropical storm. The region from Corpus Christi, Texas, where Harvey made landfall, to the Louisiana state line accounts for about 3 percent of the U.S. economy and is a crucial export market for oil and chemicals.

Read Article

TauronB2G - 8/31/2017 12:56:30 PM

+2 Boost

We've already got gas lines & shortages in North Texas. The prices have quadrupled in Frisco Texas as of last night and doubled in Ft Worrh. Full up now and conserve.

skytop - 9/1/2017 8:42:52 AM

+1 Boost

Not to worry. Take the bus or train.