Refineries Shut Down In Preparation for Hurricane Isaac

Hurricane-IA.png

Tropical Storm Isaac is predicted to strike the Gulf Coast as at least a Category 2 hurricane with wind speeds up to 110 mph between late tomorrow and early Wednesday, almost seven years to the day when Hurricane Katrina devastated the Gulf Coast.

Tropical storm Isaac tracks toward Louisiana, Mississippi and Alabama, with nearly 1.5 million barrels per day of refining capacity in its path, according to the Oil Price Information Service (OPIS). The National Hurricane Center today posted hurricane warnings stretching from east of Morgan City, La., to the city of Destin in Florida’s Panhandle.

U.S. Gulf Coast refiners have started closing facilities in anticipation of the storm.

Gasoline rose 3.4 percent and oil climbed as the storm shut 24 percent of U.S. oil production in the Gulf of Mexico and 8.2 percent of natural gas output, the Bureau of Safety and Environmental Enforcement said yesterday.

Photo Credit: samc/bigstock.com

Digital-Tablet-With-Clipping-P-28426844.png

This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry.

If you aren't reading NNW, you are missing out. Not a memberJoin today or submit a request to receive additional information. If you are a member and not receiving NNW, submit a request to be added to the email list

NATSO

NATSO and the NATSO Foundation provide the most relevant, trusted and up-to-date news and trends affecting the truckstop and travel plaza industry.More
Source:
NATSO News Weekly (NNW)

Tell Us What You Think

Back to Fuel & Trucking