Average US gas price jumps after Harvey shuts refineries

12 September, 2017, 00:48 | Author: Dustin Murphy
  • Hurricane Irma packed 185 miles per hour winds Tuesday as it barreled north

AAA says there was a drop in regional gas supplies last week, reflecting a tighter supply due to those refineries remaining offline after Hurricane Harvey.

Wholesale gasoline declined a cent to $1.65 a gallon. At this time, Hurricane Irma is moving near the Florida Keys.

Hurricane Harvey caused damage to many refineries along the Gulf Coast, pushing prices up.

KINGSTON, N.Y. The average retail gasoline price in NY state rose another 3.6 cents per gallon last week, reaching $2.79 per gallon, but might have experienced its post-Harvey peaked, an industry analyst says.

The national average increased by 1.8 cents to $2.65 per gallon, according to GasBuddy.

Including the change in gas prices in Chattanooga during the past week, prices on Sunday were 60.5 cents per gallon higher than the same day one year ago and are 49.0 cents per gallon higher than a month ago.

The price of gas in MA has not changed this week. Today 69% of the gas stations in the USA are selling gas for $2.50 or more with only California, Hawaii and the State of Washington selling gas for $3 or more.

In the past two weeks, there has been a sudden jump in the gasoline price, after Hurricane Harvey induced in closing the US refineries. Overall, the potential storm-related increase in gas buying in the coming days combined with delivery delays will likely cause gas prices to continue increasing into the weekend.


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