(OILPRICE) — The U.S. has been recently hit with cold weather that has broken records in many states, including in New York where the minus 16 Celsius managed to break a record that had stood since 1896. This arctic chill has forced natural gas and gasoline pipeline operators to reduce flow and refineries to scale back production, after some systems have started to fail under the extreme conditions. The instruments that control the flow have failed and some product has thickened or turned to jelly in some of the lines.

Due to the reduced production and delivery, oil prices have risen for the send straight day, and natural gas prices are at a 17 month high.

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