# Peak hurricane season looms with no room for U.S. refining outages | Reuters

> Analysts warned that a busy Atlantic hurricane season and tight fuel supplies could further strain U.S. refiners, who already have the lowest oil-processing capacity in eight years. Any refinery outages would likely push up gasoline and diesel prices.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/41117-peak-hurricane-season-looms-with-no-room-for-u-s-refining-outages-reuters
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Reduced US refining capacity tightens diesel and gasoline supply, supporting product prices and raising costs for feed transport and farm fuel buyers.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-08-27 | [US Gulf Coast refined product prices ahead of Hurricane Ida \| S&P Global](https://feedsoft.ai/events/45746-us-gulf-coast-refined-product-prices-ahead-of-hurricane-ida-s-and-p-global.md) | +4.0% | +9.0% |
| DIESEL | 2026-01-23 | [US energy sector braces for winter storm as crude and natural gas output fall \| Reuters](https://feedsoft.ai/events/4761-us-energy-sector-braces-for-winter-storm-as-crude-and-natural-gas-output-fall.md) | +8.1% | +12.1% |
| DIESEL | 2022-10-29 | [Rice To Hit ₦‎50,000 Per Bag, Find Out Why - Daily News Reporters](https://feedsoft.ai/events/7736-rice-to-hit-50-000-per-bag-find-out-why-daily-news-reporters.md) | -7.9% | -32.0% |
| DIESEL | 2020-08-23 | [Oil Gains as U.S. Gulf Output and Refineries Halted Before Storm - Bloomberg](https://feedsoft.ai/events/51786-oil-gains-as-u-s-gulf-output-and-refineries-halted-before-storm-bloomberg.md) | +0.4% | -7.3% |
| DIESEL | 2022-12-23 | [Storm cuts U.S. oil, gas, power output, sending prices higher](https://feedsoft.ai/events/38414-storm-cuts-u-s-oil-gas-power-output-sending-prices-higher.md) | +6.4% | +10.3% |
| WTI | 2026-01-26 | [When the US freezes, the global LNG market catches a cold \| Reuters](https://feedsoft.ai/events/4404-when-the-us-freezes-the-global-lng-market-catches-a-cold-reuters.md) | +6.4% | +9.1% |
| WTI | 2020-06-30 | [US and European natural gas prices rise with Gulf Coast LNG futures as demand picture improves](https://feedsoft.ai/events/9802-us-and-european-natural-gas-prices-rise-with-gulf-coast-lng-futures-as-demand.md) | +2.3% | +3.2% |
| WTI | 2016-07-14 | [U.S. grains: New forecast ends rallies - Manitoba Co-operator](https://feedsoft.ai/events/4942-u-s-grains-new-forecast-ends-rallies-manitoba-co-operator.md) | +0.3% | -6.9% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/peak-hurricane-season-looms-with-no-room-us-refining-outages-2022-06-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.