prensaestatal.com
prensaestatal.com Setiembre 26, 2017


Gas prices soar in the wake of Hurricane Harvey

03 Setiembre 2017, 03:50 | Dolorita Barahona

Gas prices expected to soar as Harvey wallops Texas

Tropical Storm Harvey's Impact On Gas Prices

Some refineries along the Texas Gulf Coast are in the process of coming back online, Kloza said, particularly in the Corpus Christi area.

DeHaan said eight of those refineries were shut down and another five or so were partially shut down.

Croft said the USA government has other tools it can use to get supplies to different parts of the country and ease any supply problems. "Unless gas goes up to $3 a gallon, I really won't feel the effects of it", he said, "but it's a little worrisome". That translates to a daily average of about 391.73 million gallons (or about 9.33 million barrels per day).

There was better news in California - gas prices only rose by an average of 6 cents per gallon last week. Pump prices in SC have jumped almost 30 cents a gallon.

AAA said, because of numerous refinery shutdowns and tightened access to supply levels on the Gulf Coast, gas prices are spiking around the country. And that means higher gas prices here in North Carolina.

AAA estimates Virginia will be among the states with the highest increase for a gallon.

The price at the stop is now $2.99 per gallon, and two stations across the street are priced at $2.45 per gallon, Garcia said on Saturday. But there is a huge bright spot: Texas natural gas abundance, durability and usability.

The fuel supply industry is responding as quickly as possible to restore normalcy to the distribution network and reduce the inconvenience consumers may be feeling at the pump in areas outside of the immediate disaster area.

"We have enough gasoline, that's not the issue", Sitton said. "Insane times!" Azanza said.

The refineries need to get crude in and gasoline out, which is proving hard and even impossible in the storm conditions, as many refineries and oil fields have been evacuated and in the process of closing operations until conditions improve. Sitton said two pipelines were shut down due to the hurricane.

"The Colonial pipeline is not pumping as much because it is not getting anything injected by Texas refineries", Kloza said. Mexico, half of their gasoline comes from the United States. That line is the key artery to the populous East Coast. Elsewhere, OPEC officials voiced frustration that Harvey did not boost crude prices, despite the major disruption of US energy infrastructure.

Jenkins said, despite that, the fuel supply does not appear to be at risk.

"There's plenty of gasoline in the state of Texas", Abbott said at a news conference. It is a major transit route for gasoline, for jet fuel, for distillates. So you have global markets dependent on US supplies.



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