HARVEY SENDING FUEL PRICES HIGHER

Aug 25, 2017

By Michael Kramer

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Texas Gulf Coast refinery operators are hunkering down for Hurricane Harvey – while U.S. motorists far from the storm’s path are also feeling the effects – as gasoline prices rise.

Nearly one-third of America’s refining capacity sits in low-lying areas along the coast from Corpus Christi, Texas, to Lake Charles, Louisiana.

Many refineries at greatest risk of suffering a direct strike from high winds have already shut down – but it’s  the potential for flooding in the Houston and Beaumont, Texas, areas – that could have a dramatic effect on gasoline supplies.

Industries from shipping to air travel are also seeing the impact of the first major hurricane to hit the refinery-rich Texas coast – in almost a decade.

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