Gas prices surge higher as drivers rush to fill tanks

East Coast May Face Fuel Shortages After Storm Disrupts Major Pipeline

East Coast May Face Fuel Shortages After Storm Disrupts Major Pipeline

"The lines remain down from Houston to Hebert due to the storms", notes the Colonial Pipeline Company's website.

The new spike in fuel costs comes after a Colonial Pipeline, a major southern pipeline company that supplies about 40 percent of the South's gasoline, announced that it would be forced to shut down operations and assess infrastructure safety. "It's quite another thing to not have pipelines". In many cases, the refineries were shut down as a proactive measure because the forecast called for flooding.

In addition, Motiva Enterprises ceased operations at its Port Arthur, Texas refinery. The system hauls about 660,000 barrels a day of gasoline, diesel, fuel oil or jet fuel from the Gulf Coast region to the Chicago area.

"There is a shortage, and it simply has to do with the amount of refineries that are down and the amount of pipelines that are shut in", said Mike Thornbrugh, QuikTrip media relations. Motiva Enterprises holds exclusive rights to distribute Shell fuels to the majority of the southeast, said Natalie Gunnell, a spokeswoman for Shell's US products unit.

Democratic Gov. Andrew Cuomo banned fracking June 2015, claiming the technique to extract natural gas from the ground used too much water and could potentially contaminate the state's drinking source. The portion of the system east of Lake Charles would continue to operate, though "deliveries will be intermittent and dependent on terminal and refinery supply".

Motor fuel prices climbed as much as 6.6 percent in NY, advancing for an eighth session, while crude oil was little changed. The more-active October contract is up 9.3 percent.

Mbappe told me he will join PSG on Tuesday - Rabiot
The 18-year-old sensation underwent a medical at Clairefontaine, France's training base, on Tuesday morning while on global duty. He broke several records and struck six times in six matches in the knockout stages of the Champions League in 2016-17.

A crucial artery in the nation's fuel supply network, it provides almost 40 percent of the south's gasoline.

Among the reasons: About one-quarter of the Gulf Coast's oil refining capacity was taken offline, according to the Oil Price Information Service.

In the short run, refiners from Europe and Asia could help fill the gap, sending supplies to the U.S. East Coast.

At least 20 tankers were booked to load European fuels for the US since Harvey made landfall, a rate almost double the average for August, shipping data compiled by Bloomberg show.

"If motorists are starting to make a run on the pumps, stations are going to start running out of gas", said Patrick DeHaan, senior petroleum analyst with gasoline price tracker GasBuddy.com. Bloomberg reports that Valero Energy has stopped supplying gasoline stations that are not Valero-branded outlets.

"If people aren't freaking out, the gasoline supply in SC could last until we start to see the normal flow of gasoline again", DeHaan said.

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