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Rita has raised petrol prices

September 22 2005

This opinion was expressed on Wednesday the head of the oil corporations Valero Energy Corporation Bill Grihi.

In the event that an approaching hurricane seriously damage refineries in Texas, in the very near future we can expect a sharp rise in gasoline prices, he said. In addition, continued B. Grihi, Rita moves along the Gulf of Mexico, where there are "many platforms, from which are produced both oil and gas." "Nobody knows what a hurricane would do to them, and if it is and destroy refineries, it will inevitably cause a sharp rise in fuel prices," - said the expert.

It is from the U.S. Gulf region receive a third of crude oil. The fact that the drilling platforms in the Gulf oil production halted and evacuated all personnel already having an adverse impact on U.S. oil industry. It is reported by Itar Tass.

Contract price for gas on Wednesday reached a record $ 13.24 per 1 million British thermal units on Thursday, natural gas is trading at at $ 13.213, according to Bloomberg.
Price of oil futures rose Thursday in electronic trading on the New York Mercantile Exchange on 1,5% - to $ 67.78 a barrel. On the eve of bidding closed at $ 66.80. Gasoline went up on Thursday at 3.1% to $ 2.1175 a gallon, before it rose in price by 3,9%.

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