Gas prices rise as refineries brace for Sandy
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Six East Coast oil refineries representing 1. 19 million barrels per day - or 7 percent of total U.S. capacity - could potentially be hit by the deadly storm, which left at least 41 dead as it roared through the Caribbean and churned northward. The storm threat boosted gasoline and heating oil prices in New York trading over the past two sessions. Forecasters say Sandy is expected to be pulled in by another storm system moving from the west, making it come ashore in the northeast late Monday or early Tuesday and unleashing heavy rains, storm surges and possibly near hurricane-force winds. Some forecasters say Sandy has the potential to be a multibillion-dollar disaster, wreaking greater damage than last year's Hurricane Irene, but it was too soon to tell its actual trajectory, and refiners were taking early steps to prepare.
People:
Phillips
Overall Sentiment: 0.0150108
Relevance: 0.40003
Andy Lipow
Overall Sentiment: 0
Relevance: 0.313445
Michael Karlovich
Overall Sentiment: 0
Relevance: 0.298838
| Sentiment | Quote |
|---|---|
| 0.101257 | "Both our East Coast refineries have comprehensive hurricane preparedness procedures in place that they will implement based on the storm track, as they did last year for Hurricane Irene," said Michael Karlovich, ... |
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Rich Johnson
Overall Sentiment: 0
Relevance: 0.28107
| Sentiment | Quote |
|---|---|
| 0 | "All of our East Coast operations continue to operate normally while we prepare our facilities for the storm," said Rich Johnson, ... |
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Additional Info:
NaturalDisaster: Hurricane Irene
Overall Sentiment: -0.386077
Relevance: 0.968851
NaturalDisaster: Hurricane Sandy
Overall Sentiment: 0
Relevance: 0.447826
FieldTerminology: crude oil
Overall Sentiment: -0.12753
Relevance: 0.383006
FieldTerminology: Oil markets
Overall Sentiment: -0.0142293
Relevance: 0.35711
FieldTerminology: oil supplies
Overall Sentiment: -0.251108
Relevance: 0.339066
Region: East Coast
Overall Sentiment: 0.167763
Relevance: 0.916171
Region: Caribbean
Overall Sentiment: -0.685743
Relevance: 0.305752
GeographicFeature: the East Coast
Overall Sentiment: -0.379445
Relevance: 0.552793
City: New York
Overall Sentiment: -0.285909
Relevance: 0.412512
StateOrCounty: New Jersey
Overall Sentiment: 0.0315715
Relevance: 0.350387
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