# Gas spikes as largest US refinery reportedly offline up to 2 weeks

> Gasoline futures spiked about 13 percent to above $2.14 a gallon after reports that Motiva's Port Arthur refinery, the largest in the US, could stay offline for up to two weeks. US crude settled at $47.23 but still posted a nearly 6 percent loss for August.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/69603-gas-spikes-as-largest-us-refinery-reportedly-offline-up-to-2-weeks
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Extended closure of the largest US refinery reduces fuel output and raises transport costs, while crude demand from refiners stays weak.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-02-26 | [Texas, Midwest refiners thaw out their plants after polar vortex](https://feedsoft.ai/events/48821-texas-midwest-refiners-thaw-out-their-plants-after-polar-vortex.md) | +0.6% | -7.8% |
| WTI | 2020-03-20 | [Weekly Market Wrap-Up - March 20, 2020 - The Andersons Trade Group](https://feedsoft.ai/events/6109-weekly-market-wrap-up-march-20-2020-the-andersons-trade-group.md) | -26.8% | -27.2% |
| WTI | 2021-09-15 | [U.S. Gulf Coast oil companies resume Ida recovery as Nicholas recedes \| Reuters](https://feedsoft.ai/events/45229-u-s-gulf-coast-oil-companies-resume-ida-recovery-as-nicholas-recedes-reuters.md) | +0.0% | +14.5% |
| WTI | 2017-08-31 | [US oil set for biggest monthly loss in over a year as floods hit demand](https://feedsoft.ai/events/69602-us-oil-set-for-biggest-monthly-loss-in-over-a-year-as-floods-hit-demand.md) | +6.8% | +12.3% |
| WTI | 2026-09-16 | [WTI falls near $100 as Saudi adds Oman route, US stocks surge — Octa](https://feedsoft.ai/events/17632-wti-falls-near-100-as-saudi-adds-oman-route-us-stocks-surge-octa.md) | -10.2% | -10.9% |
| DIESEL | 2023-03-20 | [European diesel tightens, crude weakens as French refinery outages linger](https://feedsoft.ai/events/37028-european-diesel-tightens-crude-weakens-as-french-refinery-outages-linger.md) | +0.8% | -2.0% |
| DIESEL | 2024-02-07 | [US West Coast distillate prices jump on flare reports, export demand](https://feedsoft.ai/events/31858-us-west-coast-distillate-prices-jump-on-flare-reports-export-demand.md) | +5.2% | -2.8% |
| DIESEL | 2022-10-17 | [Atlantic Basin refining margins soar on refinery outages, tight diesel supply \| S&P Global](https://feedsoft.ai/events/10941-atlantic-basin-refining-margins-soar-on-refinery-outages-tight-diesel-supply-s.md) | -6.7% | -5.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/08/30/gasoline-spikes-crude-slumps-as-harvey-wreaks-havoc-on-us-refiners.html

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