Hurricane Ida affects the Gulf of Mexico refining US oil prices or rise | Gasoline | Price

[Epoch Times News on August 31, 2021](Compiled and reported by The Epoch Times reporter Gao Shan)hurricaneAida“(Ida) messengerGulf of MexicoMost of the coastgasolineRefining and oil processing production has come to a standstill.This development may lead to gasolinepriceSoaring in the next few days.

According to a report on the “USA Today” website, although experts predict that this timehurricaneWill not supply fuel orpriceCaused devastating effects, but they said that motorists should still be prepared for rising oil prices.

Patrick De Haan, head of oil analysis for the fuel price tracking app “Gas Buddy”, said that per gallongasolineThe price should be 5 to 15 cents higher than the current price.

According to data from the American Automobile Association (AAA), the national average gasoline price on Monday (August 30) was US$3.15, down 1 cent from a week ago, but up 92 cents from the same period last year.

He said: “We have seen (gasoline) prices fall for three consecutive weeks, but this situation may end this week.”

De Haan predicts that this effect may spread, and this price increase may appear in the next two weeks.

hurricane”Aida“It is sweeping the southern part of the country, which has a large number of gasoline production and oil refining plants.

Before the storm, energy companies such as Shell, Phillips 66 and Exxon temporarily closed their refineries.

According to data from the US Bureau of Safety and Environmental Enforcement,Gulf of MexicoAbout 96% of oil processing companies have closed before the hurricane.

As the storm subsides, refineries and drilling platforms will begin to assess damage. The results of these assessments may also add additional downtime.

De Haan said: “The biggest worry may not be the wind, but the flood.” “The refinery is currently built quite sturdy, but there is one thing they really can’t prevent, and that is rain.”

De Haan said on Monday morning: “I think these companies will recover later today.” However, he acknowledged that further shutdowns are not impossible.

Another factor: the colony piping system. Earlier this year, due to hacker ransomware attacks, this critical part of the oil transportation infrastructure was forced to shut down for several days, resulting in a gasoline shortage on the East Coast of the United States.

But the last shutdown of the transportation system came to an end soon.

De Haan said that motorists should not worry about fuel shortages as they did when the colonial pipeline system was shut down last time.

But De Haan also warned that the economic downturn caused by the 2020 epidemic, colonial pipeline problems and the price rebound caused by the hurricane Ida effect will make the summer of 2021 the most expensive summer for gasoline since 2014.

Editor in charge: Li Yuan #


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.