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Hurricane Harvey wreaks havoc on US petrol supply and prices

Published Wed, Aug 30, 2017 · 09:50 PM

New York

US drivers are starting to feel the effects of Tropical Storm Harvey in their wallets as the country's fuel distribution network, starting at the Gulf Coast and stretching across the country, is squeezed by floods, refinery closures and dwindling supplies.

At least 3.6 million barrels per day (bpd) of refining capacity is offline and more refineries are at risk of shutdowns as the storm relentlessly dumps rain on Texas and heads towards Louisiana.

The longer refineries remain shut, the more retail prices will increase, traders and…

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