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Oil markets were roiled, sending gasoline prices surging on
Monday after Tropical Storm Harvey wreaked havoc along the Gulf
Coast over the weekend, crippling Houston and its port, and
knocking out numerous refineries as well as some crude production.
As noted on Sunday, gasoline prices hit two-year highs as
massive floods caused by the storm forced refineries in the area to
close. Meanwhile crude futures fell as the refinery shutdowns could
reduce demand for U.S. crude production. As a reminder, Texas is
home to 5.6 million barrels per day…
Monday after Tropical Storm Harvey wreaked havoc along the Gulf
Coast over the weekend, crippling Houston and its port, and
knocking out numerous refineries as well as some crude production.
As noted on Sunday, gasoline prices hit two-year highs as
massive floods caused by the storm forced refineries in the area to
close. Meanwhile crude futures fell as the refinery shutdowns could
reduce demand for U.S. crude production. As a reminder, Texas is
home to 5.6 million barrels per day…
Oil markets were roiled, sending gasoline prices surging on
Monday after Tropical Storm Harvey wreaked havoc along the Gulf
Coast over the weekend, crippling Houston and its port, and
knocking out numerous refineries as well as some crude production.
As noted on Sunday, gasoline prices hit two-year highs as
massive floods caused by the storm forced refineries in the area to
close. Meanwhile crude futures fell as the refinery shutdowns could
reduce demand for U.S. crude production. As a reminder, Texas is
home to 5.6 million barrels per day…
Monday after Tropical Storm Harvey wreaked havoc along the Gulf
Coast over the weekend, crippling Houston and its port, and
knocking out numerous refineries as well as some crude production.
As noted on Sunday, gasoline prices hit two-year highs as
massive floods caused by the storm forced refineries in the area to
close. Meanwhile crude futures fell as the refinery shutdowns could
reduce demand for U.S. crude production. As a reminder, Texas is
home to 5.6 million barrels per day…