Oil

Gas prices hit a high for the year on Labor Day as the effects of Harvey continued to shut in refineries.

Gas prices hit a high for the year on Labor Day as the effects of Harvey continued to shut in refineries.

U.S. Gulf Coast refineries and fuel distribution terminals started to reopen on Saturday, a week after Tropical Storm Harvey knocked out nearly 25 percent of the nation's refining capacity and sent gasoline prices spiking.

About 6.1 percent of U.S. Gulf of Mexico oil production is offline due to Tropical Storm Harvey, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Saturday.

The U.S. Energy Secretary has approved up to 4.5 million barrels of crude oil to be released from the Strategic Petroleum Reserve in response to the impact from Tropical Storm Harvey, a spokeswoman for the Department of Energy said on Friday.

The U.S. Energy Secretary has approved up to 4.5 million barrels of crude oil to be released from the Strategic Petroleum Reserve in response to the impact from Tropical Storm Harvey, a spokeswoman for the Department of Energy said on Friday.

Benchmark U.S. gasoline prices slid for the first day since Hurricane Harvey struck the U.S. oil industry heartland, as some refineries restarted operations, but oil prices slid further.

Benchmark U.S. gasoline prices slid for the first day since Hurricane Harvey struck the U.S. oil industry heartland, as some refineries restarted operations, but oil prices slid further.

FBN’s Stuart Varney on the Left finding fault with Houston after Harvey.

FBN’s Lauren Simonetti on the markets, Harvey’s impact on gas prices and ‘Star Wars.’

Travelers and fuel suppliers across the United States braced for higher prices and shortages ahead of the Labor Day holiday weekend as the country's biggest fuel pipelines and refineries curb operations after Hurricane Harvey.

Travelers and fuel suppliers across the United States braced for higher prices and shortages ahead of the Labor Day holiday weekend as the country's biggest fuel pipelines and refineries curb operations after Hurricane Harvey.

Colonial Pipeline says it plans to shut down a key line that supplies gasoline to the South due to storm-related refinery shutdowns and Harvey's effect on its facilities west of Lake Charles, Louisiana.

The U.S. Energy Department on Thursday released 1 million barrels of oil from the Strategic Petroleum Reserve and a White House adviser said more could flow after Tropical Storm Harvey inundated Gulf Coast refineries and drove up motor fuel prices.

Gas shortages in East Coast markets are possible.

The U.S. Environmental Protection Agency said on Thursday it has approved emergency fuel waivers for 38 states and Washington, D.C. after Tropical Storm Harvey shut refineries and spiked gasoline prices.

The U.S. Environmental Protection Agency said on Thursday it has approved emergency fuel waivers for 38 states and Washington, D.C. after Tropical Storm Harvey shut refineries and spiked gasoline prices.

The Houston that was battered by Hurricane Harvey is an economic powerhouse whose influence reaches far beyond its region, leading many to worry about when its economy be able to stand up again.