The Colonial shutdown is unlikely to cause any widespread shortages on its own, according to GasBuddy.
The head of the Texas agency that regulates the oil and gas industry is urging people to wait three or four days to fill their cars and trucks with gasoline if they can. "It's just been insane". Others charged well over $3.
Prices jumped at least 10 cents a gallon in 24 hours in Texas, Ohio, Georgia and the Mid-Atlantic states, AAA reported Friday. The supply crunch prompted QuikTrip, one of the nation's largest convenience store chains, to temporarily halt gasoline sales at about half its 135 stores in the Dallas-Fort Worth area.
"The supplier of the product would need to get approval from the customer who is receiving the product", said Malesia Dunn, a Colonial spokeswoman, by telephone.
But supply isn't the problem, the Texas' oil and gas regulator said, even though refiners have been crippled by Harvey.
Several East Coast refineries have run out of gasoline for immediate delivery as they sent fuel elsewhere, and concerns over shortages ahead of the U.S. Labor Day extended weekend were mounting.
Multiple news outlets are reporting gas stations running out of gas.
The Texas attorney general's office said anyone seeing gas prices of $4 or higher should take pictures and report the stations as price-gouging.
Wednesday's inventory report showing US crude stockpiles dropped to the lowest level since January 2016, along with a rise in gasoline demand, "point to a fairly healthy picture still", McGillian said in a telephone interview.
First gene therapy that targets leukemia approved in the US
The $475,000 price tag doesn't include the cost of needed hospitalizations, travel to a certified hospital and other expenses. While most survive, about 15 percent relapse despite today's best treatments, and their prognosis is bleak.
Gas prices across America have soared in the wake of Hurricane Harvey.
The United States is short of fuel.
Gasoline prices have risen more than 17.5 cents since August 23, before the storm began.
His advice: "Try to have a sense of calm". Margins for converting Brent crude oil in semi-complex refineries in northwest Europe are set to average $8.20 a barrel in September, according to WoodMac's refining and oil product markets research director Jonathan Leitch.
Almost one-third of the nation's refining capacity is along the Gulf Coast from Corpus Christi, Texas, to the Lake Charles, La., area, and about one-quarter of the Gulf Coast's oil refining capacity was taken offline, according to the Oil Price Information Service.
Vast swaths of the US are heavily dependent on the 5,500-mile Colonial pipeline for gasoline and any interruption can cause prices to spike and send retailers scrambling for supplies. The company said it would shut down the line that transports 40 percent of the South's gasoline on Thursday.
West Texas Intermediate crude for October delivery climbed $1.26 to $47.22 a barrel on the New York Mercantile Exchange.
Abbott's press office didn't immediately respond to email or phone requests for comment.
- Verratti, le Barça ne le digère pas
- Never favoured demonetisation, suggested alternatives: Raghuram Rajan
- Aged care homes flu toll rises in Tasmania
- 'Eagle Creek fire' reported near Hood River
- Gas prices up nationwide due to Harvey
- Cabinet Reshuffle: Piyush Goyal gets Railways, Nirmala Sitharaman named Defence Minister
- PSG : l'UEFA ouvre une enquête sur les dépenses du club
- Madonna Announces Move to Portugal, Reveals She's Working on New Projects
- Kapil Sharma Finally Breaks Silence After 'The Kapil Sharma Show' Went Off-Air
- Lucky 13 for Matteo Trentin as Italian rider seals Vuelta hat-trick