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Harvey knocks out energy infrastructure, threatening higher gas prices
The Hill: Hurricane Harvey is taking more oil and gas infrastructure offline in Texas and the Gulf of Mexico, raising prospects for a spike in gasoline prices.
Nearly 19 percent of Gulf of Mexico oil production, and more than 18 percent of its natural gas production, are offline as of Monday afternoon, federal officials said.
At least 10 refineries in the region have also shuttered. According to S&P Global Platts figures on Sunday night, about 2.2 million barrels per day of refining capacity have closed in Texas, including major plants operated by Exxon Mobil Corp., Valero, Shell and other oil giants.
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