September RBOB gasoline vs. October RBOB gasoline futures contracts
03 September, 2017, 05:55
Damage to energy supplies from Hurricane Harvey combined with the traditional increase in Labor Day travel is already leading to higher gas prices in MA, and U.S. Energy Secretary Rick Perry is tapping into the nation's strategic reserves as part of the federal government's response to the massive storm. The national average has increased 6.0 cents per gallon during the last month and stands 14.4 cents per gallon higher than this day one year ago. The state of emergency comes after the closure of the Colonial Pipeline, which supplies much of the gasoline from Houston to the east coast.
He says it won't last forever.
"I would definitely advise people to fill their pumps today, because I think we're going to see prices continue to rise", she said.
There are other stations with no gas, but Christi Craddick, chairman of the Texas Railroad Commission, urges Texans not to worry about a gas shortage.
He continued, "As gas prices go up refineries around the globe are seeing incentives to send gas to the United States". Others say they are just waiting for the prices to level out.
The Colonial Pipeline, which runs through the Upstate from Houston to northern New Jersey and serves the Southeast with 40 percent of its fuel, remains closed at least until Sunday, when its operator hopes to reopen the gasoline conduit.
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Azanza said consumers should keep in mind that the issue is mainly one of "a strain on fuel supply" rather than an actual shortage, and it will resolve itself when floodwaters recede and gasoline reserves become more easily accessible, and once more refineries are operational again.
"If your local gas station doesn't have gas, go down the street".
As of Wednesday evening, the Department of Energy (DOE) is reporting that 10 Gulf Coast refineries remain shut down.
With one-fourth of the country's refining capacity knocked offline due to havoc unleashed by Hurricane Harvey, gas prices are anticipated to increase more than 10 percent by Labor Day, officials at AAA Mid-Atlantic said. "Once the water recedes, those refineries may take a couple days to get back online".
Harvey hit Texas as a hurricane August 25 and destroyed tens of thousands of homes while also disrupting airlines and causing prices at gas pumps to jump. Argo said deliveries should resume this weekend if refined fuel products are available from Texas refineries. It shut down Wednesday as Harvey made a third landfall in southwest Louisiana, bringing flooding to the Port Arthur area. That would have a devastating impact on the region far beyond gas prices.
He and his wife, Sarah, were forced to file for bankruptcy, and he began a long struggle to pay off his taxes and creditors. Berman and his wife adopted a son, Joshua, as well, who died of a brain tumor in 1977 at the age of 12.
Returning Russian cosmonaut Fyodor Yurchikhin has logged even more time in orbit: 673 days over five missions. Their Soyuz capsule landed in Kazakhstan shortly after sunrise Sunday, Saturday night back in the U.S.
The pipeline company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. New York-based Neuberger Berman Group Ltd Com has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). (NYSE:GES).
NOTES: Toronto 1B Justin Smoak (calf) sat out, and 3B Josh Donaldson also did not play, just to give him a day off. Using a sharp slider, Sabathia struck out six. "I think it's who he is and what's made him so great for so long".
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Twenty-two percent (22%) believe most GOP senators are more likely to agree with their Democratic peers, while 16% are not sure. About Trump's Springfield appearance, Allman said "if you're a Republican and you avoid being there we're taking your name".
Donald Trump is donating $1million of his own money to charity for the victims of Hurricane Harvey, the Daily Mail reports. President Donald Trump is pledging $1 million in personal money to Harvey storm relief efforts.
Celtics General Manager, Danny Ainge had seen talents like Paul George , Jimmy Butler and Chris Paul pass on by to other teams. So who won the trade? Irving is exactly the type of player the Celtics need, a proven playoff performer and a victor .
PM hints at meeting with Xi at BRICS summit
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King Modi botched up, demonetisation made India suffer
"We had an idea that the bulk of the money would come back but the present 99 percent is a surprise for most of us", he said. The old notes were allowed to be deposited in banks, with unusual deposits coming under income tax scrutiny.
Shock as Kenya court cancels election result, demands re-run
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US Factory-Sector Activity Hits Six-Year High
Nine of the ten index components grew, while the customers' inventories index contracted for the second consecutive month. It may not be the largest share of the United States economy, but the manufacturing sector is on fire.
UK Markit August mftg PMI SA 56.9 vs 55.0 exp
The FTSE 100 was marginally higher at the start of the new month, and in midmorning trading stood at 7428. Sustained growth in new orders led firms to expand their production schedules again in August.