Storms and hackers have shuttered production and transport of gasoline this summer, with Hurricane Ida temporarily closing most oil production in the Gulf of Mexico and several big refineries. The hurricane comes after a cyberattack in May took outa major fuel pipelineto the East Coast for nearly ...
Refinery utilization within the U.S. fell below 70 percent in the month of May due to soaring inventories of gasoline, diesel, and jet fuel. Refineries have routinely operated at higher than 90 percent in May in recent years to prepare for thesummer driving season. These developments...