Large US Refineries Shut, Fuel Prices Soar as Storm Outages Surpass 1.5M – By Reuters Staff (Newsmax) / Dec 23, 2022
Several of the largest U.S. refineries shut on Friday, while heating and power prices surged as extreme cold and snow blanketed much of the United States, freezing oil and gas wells and knocking out power to more than 1.5 million homes and businesses.
A deep freeze enveloping most of the United States combined with a massive winter storm in the Midwest has left two-thirds of the nation under extreme weather alerts.
More than 1 million barrels of daily refining capacity in the U.S. Gulf is shut due to the freezing temperatures. That includes Motiva Port Arthur, which can process more than 600,000 barrels a day, making it the biggest refinery in the United States.
