Gas Prices On The Rise After Hurricane Harvey

31 August, 2017, 01:39 | Author: Valerie Burke
  • Gas Prices On The Rise After Hurricane Harvey

Petroleum analyst Allison Mac with GasBuddy.com says the storm has affected 16 percent of the oil refining capacity in the USA, including ExxonMobile, the nation's largest refinery.

The high mid-90s output percentage for refineries at this time of year is normal because "demand from motorists peaks during the summer", DeHaan added. "But past the 15-cent hike, we don't anticipate prices to continue to rise", at least given current information.

In the wake of Hurricane Katrina, which hit New Orleans at the end of August in 2005, gas prices jumped up 40 cents.

If you own a auto in Montreal, you may be rather unhappy in the weeks to come, because gas prices have gone up and will probably continue to do so.

A crucial factor to consider is uncertainty - since the extent of disruption to the energy industry is still being assessed.

Harvey's shutdown of ports such as Corpus Christi and, as of Tuesday morning, at least 13 percent of US refining capacity is essentially bottling up some oil that would otherwise be processed or exported. The refinery won't reopen until waters recede.

Those prices rose by close to 20 cents since Tuesday at some gas stations in Farmington. "Once everything is back online and functioning at full capacity, prices will drop". Strong levels of oil production have thankfully left the country with ample stockpiles of gas and oil that can cushion the impact of Harvey.

Top Indian delegation arrives in Sri Lanka attend Indian Ocean Conference
In the second ODI, the game nearly looked to swerve away from the hands of men in blue after Akila Dhananjaya's six wicket haul. We want to give our experience to them. "Then I feel they will do a better job for us over the next few years", he reasoned.

Led forces launch air strikes to stop IS reaching east Syria: coalition
But many in Lebanon were opposed to the deal, which they said allowed the killers of Lebanese soldiers to get off scot-free. US -led aistrikes block Islamic State fighters evacuated from Lebanon from reaching eastern Syria.

Angela Merkel : German Chancellor calls for extension of European Union border controls
Angela Merkel has said harsher measures should be taken against asylum seekers if they take a holiday in their country of origin.

"California is always susceptible to price spikes, but when it happens it's normally because of an issue with refineries in our own state", Blasky said.

Prices will probably continue to increase over the next few days and they could remain high for another month or so, according to DeHaan. It will take time to assess damage and any longer-term impact on refining capabilities.

"Basically, it's economics 101", Mac said. "This summer, eclipse travel injected an extra burst of demand for Idaho fuel that has carried over into Labor Day weekend".

One of the easiest ways you can pay less for gas is to avoid the "convenience" trap. The average highest price recorded at the pump was $2.42 per gallon in March. Oakland- $3.03/g, up 2.0 cents per gallon from last week's $3.01/g.

The national average could climb to $2.50 as a result of Harvey. "These behaviors could lead to gas shortages across the Carolinas".

Many parts of the Gem State were in the eclipse path of totality, motivating drivers inside and outside of Idaho to purchase the fuel necessary to reach a prime viewing area.

Analysts are predicting prices will actually go down in Vancouver and on Vancouver Island by about the same amount.

Recommended:

  • Cardinals trade Mike Leake to Mariners for prospect

    Cardinals trade Mike Leake to Mariners for prospect

    The 21-year-old switch-hitter was batting.217 with 9 home runs and 44 RBI in 111 games with the Mariners' minor league affiliates. The Mariners are desperate for help with starters Felix Hernandez , James Paxton and Hisashi Iwakuma now on the disabled list.
    More than 2 million pilgrims start the Hajj in Mecca

    More than 2 million pilgrims start the Hajj in Mecca

    Moreover, the authorities face a big challenge in ensuring any infectious outbreak is swiftly and efficiently tackled. The country said more than 1,00,000 security personnel at various spots around Makkah and Madina to protect pilgrims.
    Houston flood: major dam begins overflowing

    Houston flood: major dam begins overflowing

    The gauge measuring water levels in Barker broke on Tuesday - some predict it will start spilling over as well. Lars Zetterstrom, Commander for the Army Corps of Engineers Galveston District, which includes Harris County.
  • Amazon and Microsoft Reveal Alexa and Cortana Will Start Working Together

    Amazon and Microsoft Reveal Alexa and Cortana Will Start Working Together

    Amazon Echo users may ask Alexa to bring in Cortana as a guest to tend to things like booking meetings or reading work emails. Amazon just co-opted that with Multi-Room Music for its Alexa-enabled Echo smart speakers .
    Read the memo Uber's board sent employees announcing its new CEO

    Read the memo Uber's board sent employees announcing its new CEO

    In a following tweet she made this even clearer: "We have a lot of work still to do at HPE and I am not going anywhere. However, just shortly after plucking a new chief, Uber has also picked up a brand-new scandal altogether.
    How To Play Music Across Multiple Amazon Echo Devices

    How To Play Music Across Multiple Amazon Echo Devices

    If you have an Echo speaker, just access the Alexa App to group together two or more Echo speakers, then name the grouping. Along with the deal, Amazon's also offering up tips on how students can use Alexa's voice controls for music.
  • West Brom complete sensational Krychowiak loan after purchasing Gibbs from Arsenal

    West Brom complete sensational Krychowiak loan after purchasing Gibbs from Arsenal

    The newspaper is well known for having close ties with Krychowiak, and they claim to have been in touch with his representative. The left-back has agreed a four-year-contract, and became West Brom's fifth signing of the summer earlier on Wednesday.
    Texas Officials After Levee Breach: 'GET OUT NOW!!'

    Texas Officials After Levee Breach: 'GET OUT NOW!!'

    It doesn't, however, pass the 52 inches from tropical cyclone Hiki in Kauai, Hawaii, in 1950 (before Hawaii became a state). Two other Houston reservoirs are overflowing, despite a controlled water release that aimed to prevent flooding downtown.
    Manchester City Offer Star Player As Part Of Alexis Sanchez Deal

    Manchester City Offer Star Player As Part Of Alexis Sanchez Deal

    In the meantime, Manchester City want to sign former Manchester United defender Jonny Evans from West Brom. Arsenal manager Arsene Wenger had said few weeks ago that Sanchez would "respect" his decision and stay.
  • Burger King Launches Own Cryptocurrency

    Burger King Launches Own Cryptocurrency

    Customers will be able to claim their coins simply by scanning their receipt using the Burger King apps on their smartphones. According to the forecasts, cryptocurrency will increase exponentially in value.
    Rep. Pete King Will Support Aid to Texas Despite 'Hypocrite' Ted Cruz

    Rep. Pete King Will Support Aid to Texas Despite 'Hypocrite' Ted Cruz

    Given the lessons from Sandy, Christie called on New Jersey's federal lawmakers to resist any impulse to hold up aid to Texas . Texas Senator Ted Cruz (R) says the 2012 Sandy relief package "became a $50 billion bill that was filled with unrelated pork".
    YouTube Unveils New Logo, Look and Features

    YouTube Unveils New Logo, Look and Features

    While the desktop already lets you speed up or slow down playback, YouTube is also rolling out that same capability to mobile. The app itself is featuring a new design with the navigation tabs being moved to the bottom of the screen.


Popular

Mattis says United States not out of diplomatic solutions with North Korea
Mattis said he would provide his advice to Trump on how to implement his policy after the panel came up with recommendations. In the meantime, transgender troops can continue to serve, although they cannot join the services as new recruits .

Crosby Ammonia Plant in Danger of Exploding As Harvey Fallout Continues
The plant, which is located northeast of Houston, was shut down on Friday in anticipation of the hurricane. Late Monday night, the facility lost power from both its primary supply and its backup generators.

Leonid Bershidsky: Trump's business record in Russian Federation is humiliating
The business associate bragged about his ties to Vladimir Putin and suggested he would get Putin's team to "buy in" to the deal. In another email, Sater envisioned a ribbon-cutting ceremony in Moscow.

Despite Trump's claims, very few countries see 7 percent GDP growth
At the same time, private inventories stabilized in the second quarter but added just 0.02 percentage points to headline growth. The economy will also be boosted by higher spending on the military and infrastructure projects, Zandi said.

Taylor Swift's 'Look What You Made Me Do' Breaks Streaming Records
The song itself, as well as its lyric video and music video, have broken Spotify streaming and YouTube watch records. We're told an "insane" amount of security was involved.

U.S. test successfully intercepts ballistic missile
The ground-based interceptor system was designed mainly to counter a North Korean missile threat, a USA official said at the time. North Korea's most recent missile test early Tuesday local time prompted the Japanese government to tell residents to take cover.

Joel Osteen Responds to Claims He Closed Church to Hurricane Harvey Victims
Through a series of Twitter posts , Pastor Osteen has debunked these claims and extended his support to the victims. In a 2012 interview with Oprah, Osteen said he didn't feel guilt or the need to apologize over his wealth.

Allow fleeing Rohingyas to seek shelter in Bangladesh
An English language statement by the Burmese Information Ministry has put the blame on Rohingya Muslim insurgents. Pope Francis is decrying persecution of Rohingya Muslims in Myanmar and praying they receive "full rights".

Aston Martin Mixing Things Up
That will be followed in 2019 by the DBX crossover and a purely electric version of the Rapide sedan. The company also plans for 25% of its sales to be fully electric by the end of the next decade.

Stafford, Lions agree to landmark deal
He holds every franchise passing record, and if you are talking about pure arm talent, he's top-1o on everybody's list. On its official Twitter account, the Lions said the deal runs through 2022.