Gasoline jumps, oil falls as Ida landfall seen sparing rigs
TUESDAY, AUGUST 31, 2021
U.S. gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities. Oil reversed early gains as local rigs may have escaped significant damage and the OPEC+ producers cartel is expected on Wednesday to endorse a supply increase.
Ida weakens to tropical storm as it moves to Mississippi
TUESDAY, AUGUST 31, 2021
Hurricane forecasters downgraded Ida to a tropical storm Monday morning but are still warning of dangerous storm surges and heavy rainfall in multiple states.
Ida makes landfall as Category 4 near Port Fourchon, Louisiana
MONDAY, AUGUST 30, 2021
On the 16th anniversary of Hurricane Katrinas assault on New Orleans, Category 4 Ida slammed into the southeast Louisiana coastline after rapidly gaining strength Saturday night. The powerhouse storm, packing winds of 150 mph, is forecast to wallop New Orleans with hurricane-force winds and over a foot of rain Sunday afternoon and evening.