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Five gasoline tankers that were en route to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries.
By Jeffrey Bair (Bloomberg) — Five gasoline tankers that were enroute to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries. Major refineries along Gulf Coast, the nation’s refining hub, shut gasoline units during the February deep freeze and power failures. Operators have gradually begun resuming production since the weather warmed, but some plants could take weeks to get back to normal. Gasoline imports happen infrequently for the Gulf Coast, which typically produces more than enough fuel for t...
(Bloomberg) -- Five gasoline tankers that were enroute to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries.Major refineries along Gulf Coast, the nation’s refining hub, shut gasoline units during the February deep freeze and power failures. Operators have gradually begun resuming production since the weather warmed, but some plants could take weeks to get back to normal.Gasoline imports happen infrequently for the Gulf Coast, which typically produces more than enough fuel for the reg...