Tropical Storm Cristobal moved through the U.S. Gulf of Mexico on Saturday carrying strong winds and heavy rains that prompted the evacuation of a coastal Louisiana community and dozens of offshore oil platforms.
Cristobal packing winds of 50 miles per hour is expected to strengthen somewhat before making landfall late Sunday along the Louisiana coast, according to the U.S. National Hurricane Center .
Oil companies on Friday had evacuated 65 Gulf of Mexico offshore facilities and shut-in some 500,000 barrels per day of oil output, pushing spot gasoline prices higher as traders feared production losses. Combined capacity of the nine refineries is about 12% of the U.S. national total of 18.8 million barrels per day . U.S. Gulf of Mexico platforms account for about 1.93 million bpd, or about 15% of the U.S. total daily oil production.
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