U.S. gasoline prices slip as oil industry bounces back from Harvey

5 Sep 2017   Prices

U.S. gasoline prices fell on Monday as the nation’s oil heartland continued to claw its way back from the devastation wrought by Storm Harvey, with shipping channels, pipelines and refineries restarting operations. Port operations across the U.S. Gulf Coast oil and gas hub were resuming, although many still had restrictions on vessel draft, according to U.S. Coast Guard updates. Key fuel pipelines planned to restart as more of the oil refineries that feed them ramped up production. Benchmark U.S. gasoline futures RBc1 fell by more than 3 percent, and retail prices edged up by only 1 cent a gallon on Monday, according to motorists advocacy group AAA, after climbing by more than 20 cents in the wake […]

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