Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains and increased petroleum product prices. For the week ending September 1, 2017, gross inputs to refineries in the U.S. Gulf Coast fell by 3.2 million b/d, or 34%, from the previous week, the largest drop since Hurricanes Gustav and Ike in 2008. Weekly refinery utilization in the region fell from 96% to 63%, while other areas of the country remained virtually unchanged. Just over half of all U.S. refinery capacity is located in the U.S. Gulf Coast (defined as Petroleum Administration for Defense District 3 ). Texas, where Harvey made landfall, represents 31% of all U.S. refinery capacity, based on data from January 2017 . These refineries supply petroleum products to domestic markets on the Gulf Coast, East Coast , and Midwest , as well as to […]