This is a major East Coast terminal.
The rack and the dock are burning, which means product will not be able to be loaded off barges/tankers and transferred to trucks.
Oil and derivative prices shot up briefly on fear of supply disruptions - they're back down but dang this does not help things one darn bit. Thank God we're at the end of the heating season...else we would have seen #2 heating oil posted prices in excess of $2.20/gallon.
-WW
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