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3 edition of Hurricane Katrina"s effect on gasoline supply and prices found in the catalog.

Hurricane Katrina"s effect on gasoline supply and prices

United States. Congress. House. Committee on Energy and Commerce

Hurricane Katrina"s effect on gasoline supply and prices

hearing before the Committee on Energy and Commerce, House of Representatives, One Hundred Ninth Congress, first session, September 7, 2005

by United States. Congress. House. Committee on Energy and Commerce

  • 182 Want to read
  • 24 Currently reading

Published by U.S. G.P.O., For sale by the Supt. of Docs., U.S. G.P.O. in Washington .
Written in English

    Subjects:
  • Gasoline supply -- United States,
  • Gasoline -- Prices -- United States,
  • Hurricane Katrina, 2005,
  • Hurricanes -- Economic aspects -- United States

  • The Physical Object
    Paginationiii, 261 p. :
    Number of Pages261
    ID Numbers
    Open LibraryOL15584659M
    ISBN 100160753988
    OCLC/WorldCa63120319

      Yes, its very likely. But it won’t be like the price jumps we saw this past spring. If you need gas, get it, but don’t run out filling up every vehicle, as that may strain the system. Compared to other storms that have hit, I’d rate Sandy a 5 on a (10 being most panicked) in regards to gas prices. I would have rated Hurricane Katrina.   Here's what one reader wrote: "Williams, I can understand how the destruction of Hurricane Katrina and Middle East political uncertainty can jack up gasoline prices. But it's price-gouging for the oil companies to raise the price of all the gasoline already bought and stored before the crisis." Several other readers.

      After hurricanes such as Katrina, Rita, Ike and Isaac, gasoline prices peaked within two weeks of landfall, at 20 to 80 cents per gallon higher, according to .   In the Wake of Hurricane Katrina: Lessons Learned through the Lens of Supply Chain Disruptions – Part 1. September 8, From the moment a major supply chain disruption occurs, a series of events is triggered that as a whole defines the relative maturity of a company’s supply chain risk management system. has called the economic Author: SCRC SME.

      Hurricane Katrina devastated New Orleans and the Gulf Coast and will pound the U.S. economy with higher energy prices, commodity shortages--and even steeper coffee prices. Worse, the storm may blast inflation throughout the economy. Storm damage is estimated at $40 billion, including $26 billion covered by insurance--the largest payout ever.   Retail gasoline prices surged 25 cents in the week that ended on Tuesday, the biggest gain since 's Hurricane Katrina. The surge is not expected to .


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Hurricane Katrina"s effect on gasoline supply and prices by United States. Congress. House. Committee on Energy and Commerce Download PDF EPUB FB2

Hurricane Katrina's Effect on Gasoline Supply and Prices: Hearing Before the Committee on Energy and Commerce, House of Representatives, One Hundred N Hardcover See all formats and editions Hide other formats and editionsFormat: Hardcover.

Gasoline costs already edging up following the most destructive storm since Hurricane Sandy in -- and analysts said prices at the pump. Higher gasoline prices, at least in the short-term, are an inevitable effect of the supply disruption caused by Hurricane Katrina, but whether they will hit the upper end of the $4 to $5 per.

In Maygas prices in D.C. rose to $ per gallon. Eventually, though, people got used to the $3 per gallon and made life adjustments for the added : Ari Ashe. Hurricane Katrina's effect on gasoline supply and prices: hearing before the Committee on Energy and Commerce, House of Representatives, One Hundred Ninth Congress, first.

As a result, natural gas prices jumped to $ per therm and electric prices went through the roof for several days. Today, natural gas from the Gulf of Mexico only represents about 5% of our natural gas production. Why hurricanes currently have a diminished impact on current natural gas prices.

Unlike gasoline, the impact of Harvey on natural gas prices has been highly limited. In future, storms in the area will indeed be bearish for pricing via demand destruction. An article dedicated Author: Jude Clemente. More on: Fossil Fuels. Disasters. United States. Hurricane Katrina caused severe damage to ry and production capacity in the Gulf of Mexico.

Oil prices. Gas prices in cities across the United States soared by as much as 40 cents a gallon from Tuesday to Wednesday, a surge blamed on disruptions by Hurricane Katrina.

The president of the American Petroleum Institute assesses the disruption in production and distribution of U.S. oil as a result of Hurricane Katrina. The airline industry is already hurting, and now it must weather the impact of Hurricane Katrina.

David Field of Airline Business magazine talks about the rise in jet fuel prices and the. This leads to turbulent oil prices because of short supply. But at the same time, hurricanes and storms result in lower gasoline demand due to lower consumption.

So, in truth, the effects of a storm are felt only after a week of the real event, when downstream operations return to normalcy. Hurricanes Harvey, Irma and Jose were no exceptions. Hurricane Harvey's effects on energy markets will mostly likely be felt with rising gasoline prices but oil production and transportation could take a hit.

My book, Saudi, Inc., (Pegasus Books Author: Ellen R. Wald. Nevertheless, the price was still shy of the record inflation-adjusted price for gasoline in$ per gallon.

Hurricane Katrina initially affected 25 percent of U.S. crude oil production, and between 10 percent and 15 percent of refinery capacity was shut down for the first few days following the storm.

"The hurricane had a short-term effect on the general U.S. economy only because of a temporary reduction of the supply of oil, natural gas and Author: CHARLES HERMAN. As Hurricane Katrina paralyzed off-shore oil platforms in the Gulf of Mexico and refineries in Louisiana, the timing could hardly have been -high oil prices will skyrocket, and Katrina will have an overall negative impact on grain producers and grain transportation.

Three days after Hurricane Katrina dealt a devastating blow to the nation's largest energy hub, the worst-case possibility was quickly becoming a reality: gasoline prices surging.

Supply disruptions and refinery outages caused by Hurricane Harvey continue to affect gasoline supply and prices, particularly along the U.S.

East Coast and the Gulf Coast, where gasoline prices are 39 cents/gal and 35 cents/gal higher, respectively, than they were a week ago, before the full effects of the storm were felt.

Hurricane Harvey, which has forced the closure of eight refineries in Texas, pushed the average price of gas in the U.S. up 10 cents. The money supply has increased but number of products stays the same so this is inflation (prices go up).

If on the other hand ten more items are built instead of finding the money. This time the average price of each item will drop to 50 cents because the number of items went up but the money supply stayed the same (20 items and $). The full extent of the impact of Hurricane Katrina on the overall economy and on the housing market is still unclear, but the number of homes destroyed by this catastrophe is larger than the losses from any previous U.S.

natural disaster. The Federal Emergency Management Agency (FEMA) has completed approximat damage inspections, but there are still many more to go.Council on Foreign Relations. "Katrina and Oil Prices." Accessed Jan. 28, The New York Times. "Gas Prices Surge as Supply Drops." Accessed Jan. 28, Minneapolis Fed.

"Gasoline Prices Climb in Response to Hurricane Katrina." Accessed Jan. 28, Department of Energy. "History of SPR Releases." Accessed Jan. 28,   Retail gasoline prices surged 25 cents in the week that ended on Tuesday, the biggest gain since 's Hurricane Katrina as Harvey paralyzed refining .