re: Texas People - Gas Update

Several issues at play here. Besides the obvious road closures slowing truck deliveries, the Ship Channel being closed and panic buying. Terminals and pipelines in Texas being shutdown is the biggest issue. Remember that fuel products typically travel in the pipeline FROM Texas to the East, not the other way around. To give credit where credit is due, the Trump EPA issued multistate waivers allowing early distribution of Winter Gas in very rapid fashion, much faster than the previous administration. This allows more product into supply from the refineries in Louisiana, which will help. For those that don't know, gulf coast produced gasoline is pretty much the only source for the entire Easten seaboard, the Southeast and well into the Midwest. So when 20% of the nationwide capacity goes away virtually overnight, it creates a lot of interest over a large part of the country. Supply will be tight for awhile, better hope Irma stays away from the GOM.