# Global fuel prices rise as Harvey's effects ripple  beyond U.S. Gulf

> Tropical Storm Harvey flooded US refiners and closed fuel pipelines, threatening national fuel supply. The disruption spread to global fuel markets and rerouted millions of barrels of fuel to the Americas.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: weather · region Global · magnitude high
- Page: https://feedsoft.ai/events/8391-global-fuel-prices-rise-as-harvey-s-effects-ripple-beyond-u-s-gulf
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lost US refining output tightens global diesel and gasoline supply and pushes up product prices. Crude prices are also pulled higher as refiners lose demand for crude.

## Read by commodity

- BRENT: bullish ▲
- 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 | 2021-02-15 | [Higher diesel prices likely as freeze shuts down Gulf Coast refineries - FreightWaves](https://feedsoft.ai/events/48826-higher-diesel-prices-likely-as-freeze-shuts-down-gulf-coast-refineries.md) | +4.9% | +9.7% |
| 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 | 2017-08-28 | [As Harvey Rages in Texas, Diesel Starts to Climb - TT](https://feedsoft.ai/events/8389-as-harvey-rages-in-texas-diesel-starts-to-climb-tt.md) | +8.4% | +14.3% |
| 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% |
| BRENT | 2026-01-16 | [Oil prices rise as supply risk remain in focus](https://feedsoft.ai/events/11394-oil-prices-rise-as-supply-risk-remain-in-focus.md) | -0.3% | +5.7% |
| BRENT | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.1% | +9.0% |
| BRENT | 2024-11-05 | [Oil prices edge up on Gulf of Mexico storm ahead of US election results](https://feedsoft.ai/events/27566-oil-prices-edge-up-on-gulf-of-mexico-storm-ahead-of-us-election-results.md) | -4.0% | -3.6% |

## Sources

- reuters.com: https://www.reuters.com/article/us-storm-harvey-energy-idUSKCN1BB0FY/

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