U.S. fuel shortages from Harvey to hamper Labor Day travel

1 Sep 2017   Oil Supply, USA

¬†Travelers and fuel suppliers across the United States braced for higher prices and shortages ahead of the Labor Day holiday weekend as the country‚Äôs biggest fuel pipelines and refineries curb operations after Hurricane Harvey. Just six days after Harvey slammed into the heart of the U.S. energy industry in Texas, the effects are being felt not just in Houston, but also in Chicago and New York, and prices at the pump nationwide have hit a high for the year. (For a graphic on Harvey’s impact on oil and gasoline markets, click tmsnrt.rs/2iK0YD9 ) Supply shortages have developed even though there are nearly a quarter of a billion barrels of gasoline stockpiled in the United States. But much of it is held in places where it cannot be accessed due to massive floods, or too far away from the places it is needed. Some of it […]

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