The Globe News/
MIAMI. –The effects of the passage of Hurricane Ida could be felt in Florida with a possible increase in the price of gasoline, after forcing more than 90% of the offshore oil platforms in the Gulf of Mexico to evacuate personnel and close operations.
Prices in the futures market soared Sunday night on concerns about Ida's impacts on the Gulf Coast fuel supply chain, after the hurricane with catastrophic 150 mph (240 km/h) winds. it hit southeastern Louisiana destroying everything in its path, flooding large areas and leaving more than a million customers without power.
Mark Jenkins, a spokesman for AAA – The Auto Club Group, said Florida drivers will “almost certainly” see gas prices rise this week.
“Based on the movement of overnight trading in the futures market, a jump of 10 to 20 cents at the pump is not out of the question. Where will gas prices go from here? It will depend on the extent of the damage and how long it will take for fuel production and transportation lines to return to normal,” he explained.
The average price of gas in Florida is $2.95 a gallon, while the state average has slowly declined over the past three weeks, after setting a new 2021 high of $3.03 on Aug. 5, Jenkins said. .
Ida made two landfalls in Louisiana, first near Port Fourchon after quickly strengthening over the warm waters of the Gulf of Mexico and becoming an "extremely dangerous" Category 4 hurricane.
Port Fourchon is an important area for the oil industry in the USA, it has offshore oil and drilling platforms in the Gulf of Mexico. Much of the Gulf's deepwater oil production passes through this seaport.
Refineries in Louisiana, Mississippi, Texas, and Alabama account for more than 45% of the United States' capacity to refine crude oil into gasoline and other major products. External source