Page 78 - Refining Capacity News Today

The refining capacity in texas. aaa says the average price now at the highest for the year. in texas, which is out of its mind already, leading long lines at gas stations not to mention frayed nerves. alisyn kosik. >> reporter: this is day two of these long lines. check this out. its getting longer and longer. these folks have been here since the wee hours. they set a their alarms to get to the gags station to catch a moment when the gas station was refilling because we did see a tanker refillin...

Coming up from governor greg abbott. we will monitor that and bring you any updates. >> and harvey is having an impact nationwide as millions of people hit the road this weekend. the average for regular gas has risen dl$2.50. the reason? harvey shut down part of a may nor part-time line that carries more than three billion gallons. the texas side is closed. they hope to have it back up and running by sunday. a quarter of the nations refining capacity is shut down. now theyre tapping oil from

And a gas price impact that will probably last over a month. >> reporter: that 5,500 mile pipeline normally carries more than 3 million barrels of gasoline, diesel and jet fuel every day from houston through the southeast, mid-atlantic to jersey. serving several major cities including atlanta, washington and new york. but harveys massive flooding in texas and louisiana has knocked 13 major refineries in the gulf coast offline. half of the 26 refineries that supply that massive pipeline are betwe...

Nearby hotel. hes shaken but okay. thanks to the quick thinking of drew griffin. happy it turned out the way that it did. >> well played, drew. flooding continues to slam the u.s. oil industry forcing americas largest refinery to shut down. oil company motiva closing its port arthur refinery, wont reopen doors until floodwaters recede. that closure on top of 13 other key refineries already knocked off line, cutting about one-fifth of the nations refining capacity. a major gas pipeline to the e...

Refining capacity. this chevron plant in baytown, texas inundated. 15 gulf coast refineries, including motiva, the largest in the country now shuttered. tom, they are changing these prices at this pump as we speak. hiking them and this price spike is expected to last another two to three weeks, tom. >> so many with road trips planned ahead. all right, rebecca. thank you. when we come back, the breaking story at this hour. the gunfight erupting at a motel. three police officers shot. at least o...

Those shelters. can they ever go back to their homes? some of the homes miguel marquez showed us yesterday, doubtful that i can ever go home. flooding continues to slam the u.s. oil industry, forcing americas largest refinery to shut down. motiva is closing its port arthur refinery and wont reopen until the floodwaters recede. that closure on top of 13 other key refineries already knocked offline, cutting a 1/5 of the nations refining capacity. a major gas pipeline to the east coast is also sh...

Thanks very much. all right. so you know, you have the largest refinery bottled up. 600,000 barrels of oil there. we can talk about how that has affected gas and related prices. theyre almost a 20% clip since this transpired a week ago. then you have what is going on with the colonial pipeline that transfers gas, oil, diesel, jet fuel from the gulf all the way up to places in new jersey. then you have to crunch the numbers. what are the numbers looking like for the rest of us? jeff small is here...

President coming. we appreciate the help that were getting from fema and other federal agencies. that is important to this date going forward. >> as you said, people first, the economy next but we do have to talk about that because the texas portion counts for crude oil capacity. quickly, as we wrap up, what does this mean for the rest of the country in terms of the economy. >> today weve got ten refineries that are closing or are closed. that is about, 30% of the refining capacity in this count...

Second largest in the country in the wake of hurricane, hurricane harvey, its not the only one as more texas oil refineries are paralyzed by the flooding. todd: what does this all mean for your gas and oil prices for the hollywood weekend here t -- holidayweeken. the focus is on saving lives. there is the economic toll. >> it is a human story with a financial side bar to it as well. bottom line is this: harvey equals short supplies and rising gas prices as we head to the labor day weekend. lets ...

Jolene cent kent is joining us more. clearly that is secondary to the impact. but as we look ahead in the week and later next week, there could be some play out. >> absolutely, hallie. we are seeing triple a in michigan gas prices are up 6% and thats why we see half of the refining capacity for the united states is actually coming out of the gulf coast. so, when you have all of that flooding, refineries shut down, the platform shut down. theyre evacuated for safety. a lot of that is, obviously, ...