En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

U.S. gasoline prices, margins surge as Harvey hits Gulf Coast refining

 




By Reuters Staff

NEW YORK
Petroleumworld 08 28 2017

U.S. gasoline prices soared more than 6 percent to the highest level in more than two years and margins jumped 16 percent when markets opened on Sunday as Tropical Storm Harvey caused widespread flooding in Houston and shut down refineries.

Futures surged 7 percent to the highest level since late July 2015 at $1.7799 a gallon while gasoline margins RBc1-CLc1 jumped as much 18.2 percent to a high of $19.91 a barrel.

At least 2 million bpd of Gulf refining capacity is currently offline and damage assessments at four Corpus Christi, Texas, area oil refineries were under way on Saturday, a first step toward resuming production. However, by Sunday, more refineries were shuttered as the threat of flooding grew.

U.S. heating oil prices also rallied, rising as much as 3 percent to a high of $1.6681 a gallon.



Reporting by Devika Krishna Kumar in New York; Editing by Sandra Maler from Reuters.

reuters
.com
08 27 2017

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 



Sept. 14-15,
Accra, Ghana

 

Nov 13-14 ;
Mexico City, Mexico

 

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.