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Title : Gasoline Prices Expire Along To Soar Next Hurricane Harvey

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Gasoline Prices Expire Along To Soar Next Hurricane Harvey

The inventory of U.S.A. motor gasoline dropped past times the nearly on tape every bit suppliers drew from tank storage to supersede gallons lost from stone oil refineries sidelined past times Hurricane Harvey.

Inventory declined past times 8.4m barrels to 218.3m barrels inward the calendar week ended September 8, the Energy Information Administration reports. The autumn was sharpest on the U.S.A. due east coast.

Harvey affected upward to a 3rd of U.S.A. refinery capacity every bit it struck Texas unloosen energy hubs such every bit Corpus Christi, Houston together with Port Arthur.

Four Gulf coast refineries were nevertheless close downwards because of Harvey on Wednesday, amounting to capacity of to a greater extent than than 700,000 b/d, according to the U.S.A. Department of Energy. Last calendar week Gulf coast refiners ran at 60.7 per cent of their operable capacity, compared amongst 92.4 per cent a twelvemonth ago.

-RW

(via Gas Buddy together with The Financial Times)

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