Fuel supply limitations resulting from the impact of hurricanes and other natural disasters on infrastructure, for example, can lead to price increases as the market reacts to rebalance supply and demand.
HOUSTON — The dog days of summer typically bring one or two hurricanes that lash the U.S. Gulf Coast. The punch of these storms, with their powerful winds and heavy rains, often has the potential to curb production at Gulf Coast refineries that together churn out nearly 50 percent of U.S. motor fuels and are crucial to our economy.
U.S. refining capacity increased to more than 18.8 million barrels per day as of January 1, 2019, the highest capacity on record, according to a new report issued by the Energy Information Administration.
Visit AFPM’s Hurricane and Weather Event Resource Center for more information on steps being taken to ensure the safety of our members’ facilities, their employees and the communities that surround them.
WASHINGTON, D.C. – The American Fuel & Petrochemical Manufacturers (AFPM) supports President Trump’s Executive Orders that will create clear pathways for the permitting process and support energy infrastructure development.