RBOB gasoline futures are on the rise for the seventh day in a row as it has been confirmed that the Colonial Pipeline is running at reduced rates, raising the real possibility of gas and diesel and even jet fuel shortages. Colonial Pipeline Co. said Tropical Storm Harvey affected its Houston origin, which includes Pasadena, Houston, and Cedar Bayou.
EIA reports total U.S. net imports of energy declined in 2013 to their lowest level in more than two decades.
The city of Houston is suing a group of banks for financial damages caused by the alleged manipulation of the London Interbank Offered Rate.