Tuesday, November 26

Hurricane Ida affects gasoline production and causes prices to skyrocket


Los efectos del aumento en los precios de los combustibles podrán registrarse durante las próximas dos semanas.
The effects of the increase in fuel prices may be recorded during the next two weeks.

Photo: Justin Sullivan / Getty Images

Hurricane Ida paralyzed gasoline refining and oil production in much of the Gulf of Mexico coast which will cause the national price of gasoline will increase in the coming days .

Although experts do not expect the hurricane to have a devastating effect on fuel availability or price, motorists will need to prepare for a temporary increase.

Increases in fuel could be generated between 5 and 15 cents per gallon as reported by Patrick De Haan, Head of Oil Analysis at GasBuddy.

On Monday the national average of a gallon of gasoline was 3. 15 dollars , a penny less than a week earlier, but 92 cents more than a year ago, based on AAA .

According to the specialist, the effects of the hurricane will impact fuel prices during the next two weeks.

Before the storm companies such as Shell, Phillips 66 and Exxon temporarily closed their refineries. According to the United States Office of Safety and Environment around the 96% of oil production in the Gulf of Mexico also closed its production in anticipation of the arrival of the hurricane.

‘Ida’ afecta la producción de gasolina y hace que los precios se disparen-GettyImages-55768431.jpeg
The refineries located in the Gulf of Mexico stopped their production during the passage of Hurricane Ida.

Related: 7 tips that will help you save money and spend less gas

The effect of the hurricane on fuel production and distribution

The step of ‘Ida’ caused the Colonial pipeline to be temporarily out of service when the hurricane made landfall .

In May the computer systems controlling the pipeline fell victim to a hacker attack that caused a gasoline shortage along the entire east coast.

Despite the small increase in prices, experts say that Motorists should not worry about experiencing another fuel shortage episode .

You may be interested in:

Racial justice: companies pledged to invest $ 50, 000 million dollars after the murder of George Floyd