Storm shut down 95% of oil and gas production in the Gulf Coast and disrupted fuel deliveries.
Gasoline prices across the U.S. are likely to edge up in the next disrupts fuel supplies, experts said. Roughly 95% of oil and gas production in the Gulf Coast was shut down as Ida barreled into the region Sunday, according to energy research company S&P Global Platts. The storm made landfall near Port Fourchon, Louisiana, around 1p.m, with maximum sustained winds up to 150 miles per hour. By early Monday, Ida had weakened to a Category 1 but continued to wreak havoc in the area. Colonial Pipeline, the biggest petroleum pipeline operator in the U.S., temporarily stopped fuel deliveries from Houston to Greensboro, North Carolina, as a “precautionary measure” during Ida’s landfall.
