# U.S. gasoline prices, margins surge as Harvey hits Gulf Coast refining

> US gasoline futures rose more than 6 to 7 percent to $1.7799 a gallon, the highest since July 2015, when markets opened after Harvey flooded Houston and shut refineries. Gasoline margins jumped as much as 18.2 percent.

- Date: 2017-08-27 · published 2017-08-27T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/8393-u-s-gasoline-prices-margins-surge-as-harvey-hits-gulf-coast-refining
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Refinery shutdowns cut product supply and widen refining margins, which lifts fuel prices. Gasoline is not a feed input, so the direct effect on feed commodities is limited.

## 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 | 2017-08-31 | [Global fuel prices rise as Harvey's effects ripple  beyond U.S. Gulf](https://feedsoft.ai/events/8391-global-fuel-prices-rise-as-harvey-s-effects-ripple-beyond-u-s-gulf.md) | +7.1% | +8.9% |
| 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 | 2019-10-10 | [U.S. diesel prices hit three-year low as harvest delays feared - Grainews](https://feedsoft.ai/events/56770-u-s-diesel-prices-hit-three-year-low-as-harvest-delays-feared-grainews.md) | +1.5% | +0.5% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/article/us-storm-harvey-gasoline-idUSKCN1B70XH/

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