STORM ALERT: Tropical Storm Harvey – ORANGE ALERT

By Published On: August 22, 2017Categories: Daily Market News & Insights

Tropical Storm Harvey is located just off the coast of Texas. Strong winds and cumulative rainfall between four and eight inches are expected to hit the Houston area Thursday evening through Sunday, bringing a high risk of flooding and power outages throughout the area. Harvey is expected to move inland between Corpus Christi and Port Lavaca on Friday evening, and could intensify to a Category 1 hurricane in a worst case scenario.

The outskirts of Harvey are moving towards the shore on the Yucatan Peninsula and will continue making its way into the Bay of Campeche by Tuesday night.

Some major refiners are located in Corpus Christi including those belonging to Flint Hills, Valero, and Citgo. Depending on the severity of the storm, fuel purchases at the rack typically increase and non-essential staff are evacuated from terminals, which could lead to supply shortages in the Mid-West region.

Mansfield’s Operations team is on “Orange Alert” as the storm continues to strengthen.  We will continue to update customers as the system develops.

This article is part of Daily Market News & Insights

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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