Gasoline Prices Rocket As Exxon Shuts Beaumont Refinery

Texas, as hurricane Harvey caused flooding and extreme
weather, Reuters reported, citing sources familiar with the
refinery operations. Exxon shut the 240,000-bpd Crude B unit, and
the 45,000-bpd coking unit at Beaumont earlier on Tuesday. As of 3
pm ET yesterday, Exxon said that the “Beaumont refinery continues
to operate at reduced rates, and has safely shut down some units as
a result of adverse weather.” Exxon also shut down on Monday the
Baytown complex—the second largest refinery in the United States
with a capacity of 560,500…

Texas, as hurricane Harvey caused flooding and extreme
weather, Reuters reported, citing sources familiar with the
refinery operations. Exxon shut the 240,000-bpd Crude B unit, and
the 45,000-bpd coking unit at Beaumont earlier on Tuesday. As of 3
pm ET yesterday, Exxon said that the “Beaumont refinery continues
to operate at reduced rates, and has safely shut down some units as
a result of adverse weather.” Exxon also shut down on Monday the
Baytown complex—the second largest refinery in the United States
with a capacity of 560,500…