Monday, 10 December 2018
Latest news
Main » Harvey = higher gas prices

Harvey = higher gas prices

07 September 2017

That price is the same as yesterday and is 28 cents more per gallon compared to this day last week.

The rising prices are the result of disruption to "the entire supply chain" caused by Hurricane Harvey even though "California's gasoline and oil supplies do not come from the Gulf Coast", said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.

The average price of a gallon of self-serve regular gasoline in the Inland Empire rose today to its highest amount since September 22, 2015, increasing nine-tenths of a cent to $3.111.

Overall, gas prices are pennies away from topping the highest price ($2.67, August 15-18, 2015) Americans have paid for a gallon of gas in more than two years.

AAA Texas Weekend Gas Watch said drivers in Dallas are paying the most on average at $2.67 per gallon, while motorists in Amarillo are paying $2.37 per gallon.

"Right now it's all eyes on Irma to see where gas prices are going to go", said Hawkins.

While there is no fuel supply shortage, the state is working to overcome distribution problems - including not having enough drivers and equipment to distribute fuel.

Hawkins said refineries are in the process of restarting and about 10 percent of the Gulf Coast refining capabilities are back on line. At its peak, Harvey shuttered 27% of US processing capacity. At least four refineries are operating at reduced rates, though none have returned to normal.

Many airlines, hotel and travel providers have already implemented change and cancellation policies specific to Hurricane Irma.

As the recovery effort for Harvey is underway, Hurricane Irma, now a Category 5 hurricane, is rolling toward the U.S. The National Hurricane Center expects Irma to arrive in the Florida Peninsula and the Florida Keys this weekend.

The spike in gas prices had been expected.

Harvey = higher gas prices