DALLAS — Refinery operators along the Texas Gulf Coast are hunkering down for Hurricane Harvey, while motorists far from the storm’s path are also feeling the effects as gasoline prices rise. Nearly one-third of the nation’s refining capacity sits in low-lying areas along the coast from Corpus Christi, Texas, to Lake Charles, Louisiana. Other industries from shipping to air travel are also seeing the impact of the first major hurricane to hit the refinery-rich Texas coast in nearly a decade. Andy Lipow, president of consultant Lipow Oil Associates, expects prices to rise 10 cents a gallon for motorists east of the Rockies. — SHIPPING: Shipping terminals along the Texas coast shut down as the storm approached.

Source: National Post August 25, 2017 21:24 UTC