Gasoline hikes following Harvey threats to the Gulf Coast

Gasoline hikes following Harvey threats to the Gulf Coast

By Jim Murray -

Aug 28, 2017

Harvey drops some thunderstorms over Mexico’s Yucatan Peninsula and poses a high 90% possibility of taking the spot as a tropical storm again as it delves into the Bay of Campeche on Thursday. According to the National Hurricane Center in Miami, it formed in the past week east of Barbados prior to it tearing apart by wind shear.

The Gulf Coast which spreads from Corpus Christi, Texas, down to Lake Charles, Louisiana nests about 30 refineries, producing about 7 million barrels per day. It’s also a route of the heavy that is believed to kick off on Friday. Flooding increases the risk of operations, while torrential rains can make units to shut down, disrupting supplies.

According to Bob Henson, a meteorologist working with the Weather Underground in Boulder, Colorado, said a possible situation is that it will be a tropical storm, and needs to be observed.

Possible hike in Gasoline

Houston experienced an increase in the prices of wholesale gasoline on Tuesday, as suppliers hoarded with a view that refineries will have reduced output. The standard 87-octane gasoline went up...

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