RSS feed source: Federal Emergency Management Agency

From July 9-11, 2024, seven counties in Vermont were hit with severe storms, flooding, landslides, and mudslides. One month later, local, state, and federal support is continuing to help Vermonters move forward in their recovery including funds for home repair, emergency lodging, transportation, and other needs.

On August 20, 2024, President Joseph Biden declared a Major Disaster for the state of Vermont making federal funding available to affected individuals in Addison, Caledonia, Chittenden, Essex, Lamoille, Orleans, and Washington counties. Within hours of the declaration, FEMA representatives were interacting with survivors to answer questions and help residents apply for disaster assistance.  

Federal funding was also made available to state, tribal, and eligible local governments and certain private nonprofit organizations in Addison, Caledonia, Chittenden, Essex, Lamoille, Orange, Orleans, and Washington counties for emergency work and the repair or replacement of disaster-damaged facilities. 

Since the President’s declaration, families, businesses, and communities continue to rebuild with the help of federal assistance from FEMA and the U.S. Small Business Administration (SBA). FEMA home inspectors have completed 1,245 inspections, moving applicants through their program eligibility review process. So far, $4,656,478.22 has been approved for Individual Assistance for more than 1,458 households. 

Of the total awarded, FEMA has approved $2,701,000.26 to help homeowners and renters with temporary housing and home repairs, including $787,044 to help more than 413 households repair their privately-owned access roads, driveways,

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RSS feed source: Federal Emergency Management Agency

In-brief analysis

September 18, 2024

Data source: Bloomberg L.P.
Note: To calculate the crack spread, we subtract the Brent crude oil average spot price from the Los Angeles jet fuel wholesale spot price.

More jet fuel has been in U.S. West Coast inventories than over the previous five years for 29 out of 35 weeks so far in 2024, according to our Weekly Petroleum Status Report (WPSR). High inventories helped reduce Los Angeles regional crack spreads for jet fuel to an average of 5 cents per gallon (gal) in August, lower than any point in the last five years, including during the onset of the COVID-19 pandemic in 2020. Crack spreads represent the price difference between products and crude oil and can be used to determine the relative value of various petroleum products for refineries to produce.

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