⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

U.S issues fuel, truck driver waivers after BP Whiting shutdown

Published 08/27/2022, 11:23 AM
Updated 08/27/2022, 07:40 PM
© Reuters
BP
-

By David Shepardson

WASHINGTON (Reuters) -The U.S. Environmental Protection Agency and Transportation Department on Saturday took steps to help alleviate potential fuel shortages in four states after the unanticipated shutdown of the BP (NYSE:BP) Whiting, Indiana refinery.

Reuters reported Friday the 435,000 barrel-per-day refinery was shut down and undergoing damage assessment following loss of electrical power and cooling water systems in a Wednesday fire..

The EPA said Saturday it waived through Sept. 15 federal regulations for fuel volatility on gasoline sold in Illinois, Indiana, Michigan, and Wisconsin, to facilitate the supply of fuel.

EPA said Administrator Michael Regan "determined that extreme and unusual fuel supply circumstances exist and has granted a temporary waiver to help ensure that an adequate supply of gasoline is available in the affected areas until normal supply to the region can be restored."

EPA and the Energy Department are "continuing to actively monitor the fuel supply situation resulting from the BP refinery shutdown and considering additional measures to alleviate the impact," EPA said.

The U.S. Transportation Department issued an exemption https://www.fmcsa.dot.gov/emergency/msc-regional-emergency-2022-011-8-26-2022-illinois-indiana-michigan-and-wisconsin to maximum driving time rules for truck drivers for those transporting gasoline, diesel, jet fuel and other refined petroleum products to the four states.

Michigan Governor Gretchen Whitmer's office on Saturday said she was working "to ensure continued access to an adequate supply of motor fuels by waiving regulations on motor vehicle hours-of-service rules, as the effects of the outage at the plant are expected to spread across the region and will impact drivers transporting such fuel."

Whitmer signed an executive order Saturday exempting motor carriers and drivers transporting fuel state maximum driving and on-duty limits.

Whitmer also temporarily suspended regulations to accelerate the transition to the fall fuel supply in conjunction with the EPA action.

© Reuters. FILE PHOTO: Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly

Whitmer's office said Whiting provides approximately 20% to 25% of the refined gasoline, jet fuel, and diesel used collectively by Illinois, Indiana, Michigan, and Wisconsin.

"While efforts are underway to find ways to replace the supply from the Whiting refinery, disruptions in the fuel supply are likely," Whitmer's office said.

 

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.