With Isaias, Nature Renders Policymaker Efforts To Impact Gas Prices Futile
For U.S. drivers, it’s a case of the old adage, “when it rains, it pours.” After one of the quietest hurricane seasons on record, Hurricane Isaias comes along late in the season to disrupt a big swath of production in the Gulf of America and potentially force several Gulf Coast refineries to temporarily suspend operations.
The net result will be renewed upwards pressure on gasoline and diesel prices at the pump following two weeks of gradual decline from 2026 highs. The U.S. Marine Minerals Administration (MMA) said Thursday that almost a third of the 371 oil production platforms in the Gulf had been shut-in and evacuated as offshore producers invoke measures to protect personnel and infrastructure in the storm’s path.
Unfortunately for drivers and consumers, Isaias’ path takes it through some of the most productive production areas, and those shut-in platforms make up roughly 63% of total Gulf crude production. MMA estimates that for at least a few days, the storm will take roughly 1.3 million barrels of oil per day — roughly 10% of total domestic production — out of the refining and distribution supply chain.........
