Storm Update – Hurricane Ian – Level 4 Alert

By Published On: October 3, 2022Categories: Alerts, Daily Market News & Insights

Although Hurricane Ian is now full disbanded into a scattered weather pattern, recovery efforts are still underway. In Florida, nearly 600,000 electric customers continue suffering power outages, primarily around Ft. Myers. Insurance companies estimate the damage from the storm to be roughly $40-$60 billion, with far more costs stemming from downtime and recovery expenses.

Fuel markets are looking substantially better as a new week begins. All fuel terminals in Florida and throughout the Southeast have reopened, allowing fuel trucks to spread out into more markets and reducing wait times. Although a backlog of orders remains and some markets are still facing carrier constraints, markets are significantly improved. Markets will continue to move towards normal over the course of this week.

Mansfield is moving its operational alert down to Level 4 – meaning Mansfield continues providing the highest level of operational focus in the region, but market conditions are improving and the severe impediments preventing deliveries have passed.

Mansfield is also changing its delivery alert levels to reflect improving market conditions. Florida and the Southeast are being reduced to Orange, requesting 48-hour advanced notice for new order. Virginia continues facing delivery challenges, requiring the Red status and 72-hour notice to continue.

This article is part of Alerts

Tagged: Hurricane Ian

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