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Key US Gasoline Pipeline Aims To Carry More Fuel By Sunday

03 September, 2017, 05:41 | Author: Paula Vaughn
  • Hurricane oil production Harvey EOG Frank D. Bracken III COP XOM Eagle Ford Shale Permian Basin

In Dallas, the price is up 18-cents per gallon over the past week to $2.37.

AAA reports the storm's strike on the Gulf Coast caused the national average price for a gallon of gas to go from $2.35 to $2.45.

A gas pipeline supplying parts of NY and Washington, D.C., with energy is shutting down as refineries in the Gulf of Mexico go offline amid flooding from Tropical Storm Harvey.

Friday's average gas price in Wilkes-Barre jumped to $2.66, up 8 cents overnight and 14 cents in the last week. A spokeswoman for the office said as of Thursday afternoon there have been 202 complaints of price-gouging at service stations around Texas since Harvey began.

Platt's reports ~3M bbl/day of refining capacity remains down in Texas, or 16% of US capacity, and assuming refiners cutting runs or in the process of returning are at 50% of capacity, the total downed capacity rises to 4M bbl/day, or 22% of the USA total. However, if residents continue to rush and fuel up, the panic will continue and take even longer for gas to get to local stations. "That's 16 percent of all US refining capacity", Croft said.

AAA Clubs across the nation are sending drivers, trucks, and other needed resources to the affected areas to assist those stranded or in need of transportation.

It's a combination of factors which culminated in the shut down of ten Gulf Coast oil refineries.

Harvey shut refineries that can process up to 4.4 million barrels per day (bpd) of crude.

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Almost a year ago Colonial suffered a break in its Line 1 in Georgia, interrupting fuel supplies to the East Coast.

The Energy Department announced Thursday morning that the agency would pump 500,000 barrels of oil from the US strategic reserve. The oil will be delivered via pipeline to the Phillips 66 refinery in Westlake, La. According to DOE, it will continue to review incoming requests for oil in the reserve, meaning that it could release more if deemed necessary.

On top of this, several major pipelines are operating at a reduced rate or have ceased working altogether. The Colonial Pipeline is a major main artery in the nation's fuel infrastructure. In many cases, the refineries were shut down as a proactive measure because the forecast called for flooding. The Pipeline originates in Houston and supplies the East Coast.

Croft said the USA government has other tools it can use to get supplies to different parts of the country and ease any supply problems.

While suppliers of gasoline stations from Georgia northward might have reason to be concerned, the Sunshine State has one key advantage: It's not winter yet.

Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry on Wednesday, churning into Louisiana after flooding the biggest United States refinery in Texas, causing major fuel pipelines to Midwest and East Coast markets to suspend operations and threatening to squeeze supplies across the country for weeks.

"People hear about gas shortages, and they flip out".

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