Refineries and other infrastructure are starting to come back online, while the Environmental Protection Agency is checking up on Superfund sites, in the aftermath of the storm that wreaked havoc on Gulf Coast oil and petrochemical networks. Here are a few updates:
Gasoline prices: Via AAA, the average nationwide price for a gallon of regular gasoline is $2.65 on Tuesday morning, a 27-cent increase over the past week.
- Perspective: The one-week rise was the biggest since Hurricane Katrina fueled a nearly half-dollar weekly jump 12 years ago, according to GasBuddy's Patrick DeHaan.
Bouncing back: The Energy Department reported Monday afternoon that eight refineries, representing about 10% of the nation's total refining capacity, have begun the re-start process.
Overall, the storm took 20% to 25% of U.S. refining capacity offline. In a note Tuesday morning, Goldman Sachs estimated that half the shut-in capacity will be back by Thursday, but warned that some will take longer.
- "With nearly all ports reopening, the key to a normalization in crude and petroleum product supply will therefore hinge on how long some refineries may be forced to stay offline, with guidance that at least 1.4 mb/d of capacity could still be offline past mid-September," they said.
The Colonial Pipeline system, the largest U.S. refined products network, began bringing its operations back online earlier this week. Platts has more here.
Crude and natural gas: Offshore, the Interior Department's final Harvey update yesterday notes that Gulf of Mexico production curtailed by pre-storm evacuations is almost all the way back as workers return to platforms. Some onshore production in the Eagle Ford shale region of Texas remains interrupted, and in fact that accounts for more of the supplies off the market, according to Goldman's estimates.
Power: As of Monday afternoon, roughly 64,000 customers in Texas remained without power, according to DOE.
Superfund: NPR has an update here on attempts to gauge Harvey's effect on the many Superfund sites that dot the Houston region.
- ICYMI: EPA has been attacking AP's in-depth, on-the-scene reporting on the response to the flooded Superfund sites. ABC News has an account of the back-and-forth here.