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US gasoline prices climb as refineries gradually restart after Harvey

US moves towards post-Harvey recovery

Reuters  |  New York 

US retail gasoline prices climbed Tuesday, even as oil refineries rumbled back into service after Hurricane Harvey disrupted operations along the Texas coast. The average gasoline price was $2.648, 30.2 cents higher than a month ago, according to motorist advocacy group AAA. Gasoline prices normally retreat after the U.S. Labor Day holiday weekend. Benchmark U.S. gasoline futures fell more than 3 percent, however, as refineries restarted. U.S. oil refiners are estimated to have 3.67 million barrels a day of capacity shut during the week to Sept. 8, according to research ...

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First Published: Tue, September 05 2017. 23:01 IST
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