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 currently forecasted to be?

What are the expected rain totals for the Gulf Coast due to the storm?

What is the potential impact of the storm on gasoline prices?

How much of the refining capacity in the region is currently offline?

What challenges do independent refiners face during the storm?