18 days ago • Posted by Djellza Kolloni

Gasoline approaches 2014 levels as Ida hits Louisiana

On supply limitations and dwindling stocks, US gasoline futures soared beyond $2.3 a gallon, approaching levels not seen since October 2014. Hurricane Ida made landfall in Port Fourchon, Louisiana, a center for the Gulf's offshore energy industry, causing processing facilities to be disrupted. Also, according to the official Energy Information Administration data, gasoline supplies in the U.S. declined by 2.242 million barrels last week, far more than the 1.557 million predicted. Source: TradingEconomics