"How Hurricane Harvey Will Impact Prices At The Gas Pump"

"Hurricane Harvey has barreled into the heart of the U.S. oil and gas industry, prompting the sudden evacuation of workers. Spot prices for gasoline are expected to jump Monday, but the full extent of damage will not be clear for days, companies and experts said.

Oil and gas companies have shut down about a quarter of oil and gas production in the Gulf of Mexico, according to a U.S. Bureau of Safety and Environmental Enforcement survey Saturday. That would be about 5 percent of nationwide output.

Companies have also been shutting down much of their refinery operations onshore, idling about 10 percent or more of the nation’s refinery capacity. That might not only raise prices and create temporary shortages in the Gulf Coast area but could also boost prices in places as far away as the Northeast, where a portion of gasoline supplies are delivered by pipeline from the Gulf."

Steven Mufson reports for the Washington Post August 27, 2017.

SEE ALSO:

"Harvey Throws A Wrench Into U.S. Energy Engine" (Reuters)

"About 25 Percent Of U.S. Gulf Oil Output Offline Due To Harvey" (Reuters)