Prices at pump increase with Texas refineries offline
Friday, February 19, 2021
Gas prices increased this week as Gulf Coast refineries have gone offline due to the recent storm in Texas, according to AAA.
The national average price for gas jumped seven cents to $2.58 per gallon. The four-day increase is a result of all major Gulf Coast refineries being affected by the recent storm, according to AAA. As supplies have tightened prices have gone up.
“The situation is very similar to a Gulf Coast hurricane’s impact,” a press release from AAA said.
Learn more: CNY Central > AAA: Gas prices go up as Texas refineries are offline due to storm
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Marcellus & Utica Shale Well Map
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.