Harvey's impact at the gas pump

The average price for a gallon of unleaded Monday morning across the country is $2.36. More than 100 drilling platforms were evacuated and rigs were closed down as Harvey came roaring across the area.

Along the Gulf Coast, 45% of US oil refineries are located in Texas and Louisiana.

Each penny increase in wholesale gasoline prices results in the nation paying about $4 million more per day.

Analysts say they'll likely rise further in the wake of Harvey and its impact on Gulf oil production.

Comcast Corporation (NASDAQ:CMCSA) 52 Week High stands at 42.18
It is negative, as 58 investors sold CMCSA shares while 518 reduced holdings. 88 funds opened positions while 132 raised stakes. Shelton Capital owns 178,525 shares. 361.70 million shares or 2.02% less from 369.18 million shares in 2016Q3 were reported.

Two arrested in Federal drug raid at swanky Queens address
State and federal authorities conducted an opioid drug raid at a Long Island City luxury high-rise early Tuesday, officials said. Parker also used social media sites, including Reddit, to talk about his drug operation, the complaint said.

Jesse Watters apologizes after spreading fake shark story during Harvey
The photo first appeared in 2011 when Hurricane Irene hit Puerto Rico , then resurfaced in 2012 during Hurricane Sandy. It linked to an August 25, 2011, photo on imgur.com showing the big fish swimming alongside what looks like an SUV.

But Jenkins said the impact on your wallet shouldn't be too dramatic. That's 3 cents per gallon lower than the national average but 14 cents higher than it was in Rhode Island a year ago.

In Maine, the average price was $2.36 per gallon, up 1.1 cents from the previous week. "It's going to be really hard to pinpoint because we don't know the damage". That holds true for Texas and the state's Gulf Coast, which may see the highest price increases given their dependence on the refineries forced to shut down, she said.

Drivers shouldn't expect the pain at the pump to go away anytime soon, even if the rainfall ceases in Texas. It's unclear how bad the damage to facilities along the state's Gulf Coast but preliminary signs indicate widespread losses, which will have big implications for the US economy and oil and gas prices.

The temporary shutdown of refineries in Texas because of Hurricane Harvey already has prompted wholesale gas prices to rise almost 10 cents per gallon, according to GasBuddy. Tuesdays are recommended for "topping off" because while prices are not the cheapest, they're still usually pretty good. Brazoria had an outlet selling fuel for $1.89, with $1.90 available in San Antonio and $1.91 gasoline at Selma, Universal City, San Antonio and Stephenville.

Related:

  • Mueller Subpoenas Manafort's Former Lawyer

    Mueller Subpoenas Manafort's Former Lawyer

    As CNN notes , the subpoena for Laurenza is unusual given that Manafort's interactions with his attorney would be protected by attorney-client privilege.
    Hurricane victim in Houston shelter unloads on CNN reporter

    Hurricane victim in Houston shelter unloads on CNN reporter

    She told the journalist: 'We were waiting for the police for like 36 hours and they never came. During her outburst, Flores can be heard apologizing to the woman and her daughter.
    Katie Price to focus on career and kids in wake of split

    Katie Price to focus on career and kids in wake of split

    Katie Price insisted there's "no future" for her marriage to Kieran Hayler as she appeared on Loose Women on Tuesday (29Aug17). To me I just want to do my work, horses and kids - not in that order so don't think I'm choosing work over my kids.
  • Antonoff staying mum about Taylor Swift's target in new song

    Antonoff staying mum about Taylor Swift's target in new song

    The director of Taylor Swift's new music video , Joseph Kahn , has denied that he's copied Beyonce's Formation video . PHOTOS: Breakups, Flings, Feuds & More! Swift's new album, her first in three years, will be released in November.
    Maryam Nawaz kicks off Kulsoom's election campaign

    Maryam Nawaz kicks off Kulsoom's election campaign

    She went on to say that certain people were anxious as her father had finally broken his four-year-long silence. She also announced her father, Nawaz Sharif, will leave for London on Wednesday to visit Begum Kulsoom Nawaz.
    Trump says Canada, Mexico being 'very difficult' on NAFTA

    Trump says Canada, Mexico being 'very difficult' on NAFTA

    NAFTA has been "incredibly successful" for the United States, Canada and Mexico and particularly beneficial for Nebraska, Gov. First, he wrote: "We are in the NAFTA (worst trade deal ever made) renegotiation process with Mexico and Canada ".
  • New law could leave flood victims hurting even more

    New law could leave flood victims hurting even more

    Policyholders can submit a supplemental claim if additional damage is found while making home repairs. Only about 15 percent of Harris County houses have flood insurance , according to various reports .
    Family of Six Drowns Fleeing Hurricane Harvey Floods

    Family of Six Drowns Fleeing Hurricane Harvey Floods

    Manny borrowed a van from a family member, and loaded his kids and their great-grandparents, Belia and Manuel Saldivar , inside. And as more rain is expected from the storm at least until the end of the week, federal officials are warning of more danger.
    Trump Jr. will give private Senate interview

    Trump Jr. will give private Senate interview

    Trump Jr. has said that the conversation focused exclusively on the problem of the adoption of Russian children by USA nationals. He is expected to appear as early as September, but the committee spokesman would not disclose the exact date.
  • Patna: Sharad Yadav joins Lalu Prasad on stage at anti-BJP rally

    Patna: Sharad Yadav joins Lalu Prasad on stage at anti-BJP rally

    Leader of the Opposition in the Rajya Sabha Ghulam Nabi Azad will represent the Congress at the rally. However, former Jammu and Kashmir chief minister Omar Abdullah has some kind words.
    Advisory Breaks Up and Sells Following Elliott Campaign

    Advisory Breaks Up and Sells Following Elliott Campaign

    The Advisory Board Company is a provider of software and solutions to the healthcare and higher education industries. California Employees Retirement System reported 0% of its portfolio in The Advisory Board Company (NASDAQ:ABCO).
    Ian Wright savages Arsenal & Arsene Wenger

    Ian Wright savages Arsenal & Arsene Wenger

    Vieira told Sportsmail : "If you look at Arsenal today I really enjoy watching them play, they play some really good football". I don't relate to the team and I don't think a lot of the fans do.

Comments

Latest news

Google Removes 300 Apps Used To Launch DDoS Attacks From Play Store
The botnet , dubbed WireX by the researchers, consisted of Android devices with malicious apps installed. He said that the WireX DDoS attacks aimed to exhaust system resources rather than network bandwidth.

Hateful Images In Queens Lobby Sparks Day Of Action On Tenants Rights
The property manager, Neil Milano, did not respond to NBC 4 New York's requests for comment on the initial story last week.

Walking Dead to get Pokémon Go-like mobile game: Watch the trailer
A trailer for Our World doesn't actually show real gameplay, but it gives an idea of what we might expect. To put it simply, what Next Games has created is something that's akin to Niantic's " Pokemon Go ".

Hajj pilgrimage: Saudi Arabia says ready to welcome over two million pilgrims
He urged the tour operators to prepare the pilgrims for onward movement to Minna for the beginning of the hajj rites today. While in the holy land, Saraki would also offer prayers for the better health of President Muhammadu Buhari.

Indian American Data Scientist DJ Patil Resigns from National Infrastructure Advisory Council
The group, which looks into national cybersecurity, comprises about a quarter of the council. Your actions have threatened the security of the homeland I took an oath to protect.

Houston furniture store offers comfy place to shelter from flooding
A well-known furniture store in Houston is welcoming Harvey evacuees. Currently, there are 400 adults and children at two of his stores.

Husband of missing Delray Beach woman arrested
Before midnight, Bennett told investigators he went downstairs to the cabin to get some sleep while his wife sailed the vessel. The victim says the gold and silver coins were stolen by breaking open the floor of the vessel beneath a pallet of food.

CNN reporter helps desperate Texas man locate his father on live TV
One heartbreaking picture shows a young child forced to sleep under a tarpaulin sheet on a roof after his home flooded. Aaron Mitchell told CNN reporter Nick Valencia that he "lost everything" and that it "just wiped" him out.

Duke Energy drops Florida nuclear plant, commits $6B to "smarter energy"
Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. Duke Energy Carolinas plans to use around half of the benefits from the increased rate to invest in new clean energy projects.

Trentin sprints to stage win as Froome retains lead
In the peloton, Vincenzo Nibali (Bahrain-Merida) accelerated in the descent but couldn't drop his rivals. A later move from Nicolas Roche (BMC) saw the Irish man gain 29 seconds on the rest of the GC contenders.

Nike Unveils Kevin Durant Red Velvet Cupcake Sneakers
In 2014, the school signed a 10-year, $34 million extension to wear the brand through 2024. "Nobody wants to play in Under Armours". "For me, I didn't want to go to Maryland".

Harvey makes history: Storm dumps record-breaking 49.2 inches of rain
He said: "We will be doing life-saving and life-sustaining efforts for a much longer period due to the nature of this storm ". The devastation from Hurricane Harvey has been catastrophic in the Houston metro area and other parts of the Gulf Coast.

Ric Flair to Start Physical Therapy Soon, Says He 'Will Be Back!'
Flair, 68, was originally hospitalized for "routine monitoring" but wound up needing surgery, which was not on his heart. Dave Meltzer reported in the latest edition of Wrestling Observer Radio that Flair is no longer bedridden.

History made as Queensferry Crossing to open
The existing suspension bridge will be adapted to be used by lighter traffic such as bicycles, pedestrians and public transport. The Northbound carriageway will admit traffic first, before the Southbound carriageway is unveiled 45 minutes later.

Let's Get Technical With Big 5 Sporting Goods Corporation (BGFV)
The value of the investment in BGFV decreased from $6,116,000 to $5,290,000 a change of $826,000 for the reporting period. Wall Street is only getting more bullish on the stock, with 2 of analysts who cover DKS having a buy-equivalent rating.

Other news