Damage From Hurricane Harvey Causes Gas Price Hike

Some offshore oil and gas operators are evacuating platforms and drilling rigs in the Gulf of Mexico ahead of Hurricane Harvey. But many others don't appear to be affected as of midday Thursday

Hardin said, "Gas stations get their fuel delivered to them from terminals via trucks - think of terminals as gas stations for gas stations - this process normally takes about an hour, today, we are hearing of fuel distributors waiting six to ten hours".

On Thursday night, Mayor Ron Nirenberg tweeted that there was no gas shortage and that distribution issues are being resolved... along with a fitting clip from the film It's a Wonderful Life.

Drivers lined up as gas pumps in Texas on Thursday as stations ran out of gas, The Associated Press reported.

"We don't expect these refineries to be down that long", Sitton said.

Twitter users posted snapshots of long lines of cars outside gas stations and signs went up warning drivers that their local gas pumps had been bled dry.

There is no gas shortage in San Antonio &distribution issues due to Harvey are being resolved.

A man was filmed filling up a significant amount of gas in Odessa, Texas, amid fears-and rumors-of a fuel shortage triggered by flooding in southern Texas.

But a cluster of gasoline refineries in the Chicago area have capacity to keep Wisconsin's tank full for the foreseeable future, DeHaan said.

Global fuel prices rise as Harvey's effects ripple beyond US Gulf
Harvey caused considerable damage and flooding in Texas and is now moving into Louisiana, where further floods are anticipated. West Texas Intermediate (WTI) crude futures CLc1 were at US$46.35 per barrel at 0155 GMT, down 9 cents from their last close.

Texas Railroad Commissioner Ryan Sitton echoed that sentiment in an interview streamed live over the internet Thursday.

QuikTrip, an Oklahoma company that operates 135 convenience stores in the Dallas-Fort Worth metro area, opted Wednesday to begin letting about half of the stores run out of gasoline to retain the ability to serve customers strategically throughout the area. "If you, on average, fill up your vehicle once every six days, but you go today and so does everybody else, that's six to seven times the demand on every gas station".

"I don't believe a week from now that this will be an issue", Sitton said.

Still, the sporadic shortages are coming on the eve of Labor Day weekend, traditionally a time when motorists take to the road and demand for gasoline is high. The Exxon Mobil station across the street was packed with cars, Bagwell said, adding that she waited almost 20 minutes behind seven cars at a nearby 7-Eleven before she could finally fill up.

Holt estimated that national average price for gasoline could climb by 10 cents to 25 cents a gallon over the next week, and average prices in Texas rise by 20 cents to 40 cents a gallon.

Meanwhile, price gouging and panic buying is reportedly also underway in Austin, Texas. Americans continue to consume about 9.7 million barrels per day - a 2 million barrel deficit, DeHaan said.

Some gas stations closed because of the increase in drivers getting gas. "We have gasoline. We have enough gasoline across the country and we have enough gasoline in Texas".

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