Hurricane matthew set to add to gas woes for the southeast – marketwatch. com binary subtraction

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Gasoline prices in the Southeast have been rising as drivers fill up in preparation for Matthew, which is set to be the first major hurricane to hit the U.S. Dollar to pound exchange rate in more than a decade—but the price spikes aren’t likely to last long.

Demand tends to drop in the wake of a big storm and the gasoline industry can likely handle any storm-related disruptions—as long as drivers don’t panic, industry experts said.

The hurricane, designated a category 4, is expected to make landfall somewhere from West Palm Beach, Fla., or the Georgia/Florida border late Thursday or Friday morning, according to AccuWeather.com. Latest exchange rate pound to euro A hurricane of that magnitude, by definition, can cause catastrophic damage and see wind speeds of 130 to 156 miles an hour.

Drivers have been lining


up for gas in the region, with some stations suffering from supply shortages as the region gears up with emergency supplies ahead of what’s expected to be the first major hurricane to hit the U.S. Hex to binary file converter since Hurricane Wilma in October of 2005.

“Gas lines have been up to a few blocks long. Chicken stock meaning in urdu Several stations ran out of fuel earlier in the week,” said Tyler Richey, co-editor of The 7:00’s Report, who is from the Palm Beach area of Florida.

But Patrick DeHaan, senior petroleum analyst at GasBuddy.com, told MarketWatch that “demand destruction after a storm will more than likely offset any increase in demand ahead of it.”

“Supply could be disrupted by major and widescale power outages but that will be difficult to anticipate until the storm is closer to making landfall,” he said.

Florida may see gasoline prices rise a few cents per gallon over the next one to two days, but that is due to the recent rise in crude-oil prices, said DeHaan on Thursday.

Futures prices West Texas Intermediate crude trade more than 4% higher week to date after posting a climb of 7.9% in September. Commodity definitions Gasoline futures have also gained over 3% so far this week.

“Any [gas] price rise right now is mainly due to the rise in oil prices, yet some could be blamed on the uptick in demand from Matthew,” said DeHaan.

The average for regular gasoline nationwide stood at $2.255 a gallon as of Thursday afternoon, according to GasBuddy.com. Usd to zloty That is up 1.9 cents from Wednesday and up 4.5 cents from last week’s average.

Lower Atlantic gasoline inventories are at 22.4 million barrels, according to Tom Kloza, global head of energy analysis at the Oil Price Information Service. Usd today rate That’s down 7 million barrels from late summer levels, but “manageable” compared with some of the late September inventory levels the market saw in the 2011 to 2013 period.

Gasoline stocks in the Middle Atlantic, meanwhile, stand at 296 million barrels—well off summer highs—but “consistent with where inventories stood just two years ago,” said Kloza.

Most of the problems that would follow any landfall from this storm would be related to a “lack of electricity or panic behavior,” he said. Love quotes tumblr But “the global markets, and specifically Gulf Coast gasoline output as well as Northeastern refinery production and other refineries in the North Atlantic can make plenty of gasoline for citizens on both sides of the pond.”

Still, the downstream distribution system in the U.S. 100 usd in euro offers a “very much a just-in-time inventory picture,” he said. How to convert inr to usd “Consumer behavior is particularly unpredictable, and topping off tanks or hoarding gasoline in jerry cans is not advisable.”

Throughout the nation, the biggest weekly price increases seen this week as of Thursday have been in Ohio, which saw a spike of 19 cents and Indiana with a 12-cent rise, according to DeHaan.

As of Wednesday, New York prices were up 11.5 cents to $1.545 a gallon, compared with prices on Sept. The boxer rebellion band 26, while the Gulf Coast has seen prices rise 10.5 cents to $1.505, Kloza said.

“All of Florida is supplied via waterborne barge and tanker—and large slugs of real estate near Savannah, Charleston, Wilmington, N.C., and Norfolk all get material that is either sourced in North America or Europe,” said Kloza.

“At the worst, the storm might shut down a terminal for a few days,” he said. Euro to inr conversion rate today “Tankers that were due to discharge product on Friday of this week might be delayed, but inventories should be sufficient unless there is an all-out panic.”

Gasoline prices in the Southeast have been rising as drivers fill up in preparation for Matthew, which is set to be the first major hurricane to hit the U.S. Usd to inr converter in more than a decade—but the price spikes aren’t likely to last long.

Demand tends to drop in the wake of a big storm and the gasoline industry can likely handle any storm-related disruptions—as long as drivers don’t panic, industry experts said.

The hurricane, designated a category 4, is expected to make landfall somewhere from West Palm Beach, Fla., or the Georgia/Florida border late Thursday or Friday morning, according to AccuWeather.com. Binary numbers A hurricane of that magnitude, by definition, can cause catastrophic damage and see wind speeds of 130 to 156 miles an hour.

Drivers have been lining up for gas in the region, with some stations suffering from supply shortages as the region gears up with emergency supplies ahead of what’s expected to be the first major hurricane to hit the U.S. Gender definition sociology since Hurricane Wilma in October of 2005.

“Gas lines have been up to a few blocks long. Exchange rate usd to idr Several stations ran out of fuel earlier in the week,” said Tyler Richey, co-editor of The 7:00’s Report, who is from the Palm Beach area of Florida.

But Patrick DeHaan, senior petroleum analyst at GasBuddy.com, told MarketWatch that “demand destruction after a storm will more than likely offset any increase in demand ahead of it.”

“Supply could be disrupted by major and widescale power outages but that will be difficult to anticipate until the storm is closer to making landfall,” he said.

Florida may see gasoline prices rise a few cents per gallon over the next one to two days, but that is due to the recent rise in crude-oil prices, said DeHaan on Thursday.

Futures prices West Texas Intermediate crude trade more than 4% higher week to date after posting a climb of 7.9% in September. Usd zar exchange rate history Gasoline futures have also gained over 3% so far this week.

“Any [gas] price rise right now is mainly due to the rise in oil prices, yet some could be blamed on the uptick in demand from Matthew,” said DeHaan.

The average for regular gasoline nationwide stood at $2.255 a gallon as of Thursday afternoon, according to GasBuddy.com. Non binary gender quiz That is up 1.9 cents from Wednesday and up 4.5 cents from last week’s average.

Lower Atlantic gasoline inventories are at 22.4 million barrels, according to Tom Kloza, global head of energy analysis at the Oil Price Information Service. Dow futures trading hours That’s down 7 million barrels from late summer levels, but “manageable” compared with some of the late September inventory levels the market saw in the 2011 to 2013 period.

Gasoline stocks in the Middle Atlantic, meanwhile, stand at 296 million barrels—well off summer highs—but “consistent with where inventories stood just two years ago,” said Kloza.

Most of the problems that would follow any landfall from this storm would be related to a “lack of electricity or panic behavior,” he said. Euro to pound exchange rate forecast But “the global markets, and specifically Gulf Coast gasoline output as well as Northeastern refinery production and other refineries in the North Atlantic can make plenty of gasoline for citizens on both sides of the pond.”

Still, the downstream distribution system in the U.S. Biliary duct system offers a “very much a just-in-time inventory picture,” he said. Exchange rate usd inr “Consumer behavior is particularly unpredictable, and topping off tanks or hoarding gasoline in jerry cans is not advisable.”

Throughout the nation, the biggest weekly price increases seen this week as of Thursday have been in Ohio, which saw a spike of 19 cents and Indiana with a 12-cent rise, according to DeHaan.

As of Wednesday, New York prices were up 11.5 cents to $1.545 a gallon, compared with prices on Sept. Free tutorial for excel 26, while the Gulf Coast has seen prices rise 10.5 cents to $1.505, Kloza said.

“All of Florida is supplied via waterborne barge and tanker—and large slugs of real estate near Savannah, Charleston, Wilmington, N.C., and Norfolk all get material that is either sourced in North America or Europe,” said Kloza.

“At the worst, the storm might shut down a terminal for a few days,” he said. Usd gbp exchange rate “Tankers that were due to discharge product on Friday of this week might be delayed, but inventories should be sufficient unless there is an all-out panic.” Original Article Format »

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