SITUATIONAL UPDATE
Hurricane Ida hit the Louisiana coast on Sunday as a Category 4 storm, bringing sustained 150 mph winds, massive storm surge, and torrential rains. As a result, more than one million customers remain without power in southeastern Louisiana, including in New Orleans, where all eight major transmission lines into the city have failed. Similarly, nearly 450,000 people are without running water in Louisiana. Several people have died as a result of the storm, and further fatalities are expected.
The impact was felt in Mississippi as well, where multiple ports are at "Status Zulu", meaning no vessels may enter or transit the port without approval from the Coast Guard. Those under Port Status Zulu include the ports of Biloxi, Gulfport, Pascagoula, and Bienville.
Damage to oil and gas infrastructure both on and offshore is being assessed, while prolonged disruptions to production, refining, and transportation of petroleum products could see a temporary spike in gasoline prices and long lines at gas stations.