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| "Millions of barrels per day of fuel production have been halted, and gasoline prices rose ahead of the storm. Benchmark gasoline futures were likely to rise again as shutdowns extended from to the refining hub of Houston, including Exxon’s Baytown refinery, the second largest U.S. refinery."
From Reuters. 45% of nations refining capacity shut down for 1 week.
It will be a temporary blip but fuel is sure to go higher in the short term. Just in time for harvest! | |
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Implications of 25+ inches of rain on Houston refineries?
