Assessing the Impact of Hurricane Harvey

The video discusses a storm forecasted to hit Houston as a category three, similar to Katrina. It highlights potential impacts, including significant rainfall and personal suffering. The storm's effect on gasoline prices and refining capacity is examined, with concerns about refinery shutdowns and recovery challenges. The discussion also covers the impact on independent refiners and potential benefits for northeast refiners.

What category is the storm expected to be when it hits Houston, and how does it compare to Hurricane Katrina?

• Category 2, less severe than Katrina

• Category 5, more severe than Katrina

• Category 3, similar to Katrina

• Category 1, less severe than Katrina

What is one of the main concerns regarding the storm's impact on gasoline prices?

• A decrease in gasoline prices due to increased supply

• A temporary spike in gasoline prices due to supply chain disruptions

• No change in gasoline prices

• A permanent increase in gasoline prices

Why might refineries in the Gulf Coast face challenges during the storm?

• They might have to shut down unexpectedly

• They are not used to hurricanes

• They have unlimited power supply

• They are located in a non-hurricane zone

What percentage of refineries in the region are currently offline due to the storm?

• 10%

• 5%

• 20%

• 15%

Which refineries might benefit from the storm's impact on the Gulf Coast?

• Refineries in the Southwest

• Refineries in the Gulf Coast

• Refineries in the Northeast

• Refineries in the Midwest