Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008

Friday, September 1, 2017
By Paul Martin

by Tyler Durden
Sep 1, 2017

“It’s only just beginning,”</strong> warned one seasoned veteran energy trader as the hangover from Hurricane Harvey flows downstream to retail gas prices and jet fuel premiums.

As Bloomberg notes, Harvey impact currently includes:

Colonial says it’ll commingle Rbob and conventional gasoline
Explorer Pipeline planning to start lines Saturday, Sunday
Logjam grows to 29 oil tankers as 11 ports remain closed
Total Port Arthur is said facing extended shutdown on power loss
Texas storm bucks N.Y. traders with wild gasoline expiry swings
NHC issues final advisory on Harvey; losing tropical character

Which has left retail gas prices at the pump are now at their highest in 2 years…

The Rest…HERE

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