Oil Prices Sag As Gasoline Prices Peak

1 Sep 2017   Prices

(Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, September 1, 2017 Hurricane Harvey is still far and away the major story of the week in the energy world, with a huge number of refineries still offline. Oil prices continue to sag, while gasoline prices soared this week. Refinery outages persist . Some refineries in the Corpus Christi region are coming back online, but the larger ones in Houston and Port Arthur/Lake Charles are mostly offline. The Motiva facility in Port Arthur, the largest in the country, is still offline and could remain out of commission for two weeks, according to the latest reports. As of Friday, an estimated 3 mb/d of refining capacity is still offline, a slight improvement from earlier this week. Colonial Pipeline outage interrupts gasoline flows to east coast […]

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