Harvey to impact holiday weekend gas prices
- Author: Zachary Reyes Sep 01, 2017,
Sep 01, 2017, 17:58
And drivers could face higher gas prices in the aftermath of Hurricane Harvey - with potential delays for pipeline deliveries, refinery closures and widespread flooding throughout Texas and parts of Louisiana.
"We were just talking about how it's $2.15 here, then if you drive (toward town), they're just gouging the prices because of the hurricane", said Monette. Many put the blame on Hurricane Harvey - which shut down almost a quarter of USA refining capacity when it struck the Gulf Coast, about 250 miles southeast of Dallas. Two refineries are operating at reduced rates, and the department is monitoring petroleum supplies.
He says it won't last forever. Many people are buying more gas and filling up extra tanks in a response to seeing the higher prices and gas stations out of gasoline.
The operator of a major gasoline pipeline now estimates it can resume carrying fuel in the Houston area by Sunday, potentially avoiding a lengthy shutdown that would intensify gasoline shortages.
"Going into Labor Day weekend we're really seeing the flawless storm", Casselano said.
While retail prices are rising, motorists may see additional increases at the pump in some areas.
At $2.75 a gallon, Idaho motorists are paying 29 cents more today than a year ago, and prices could reach $2.85 per gallon in the coming days.
Triple-A is reporting that prices have hit their highest levels so far this year. The website has Missouri's average at $2.29.
The statewide gas price average in Texas today is $2.26 for a gallon of regular unleaded fuel, according to the AAA Texas Weekend Gas Watch.
And, despite the sudden price hikes in SC, the state still has some of the cheapest gas in the nation.
"I think you're going to see widespread increases of prices, albeit, I don't think our prices will increase as much as the Gulf Coast area and surrounding areas", Watson said.
The Chronicle also reported that Exxon Mobil announced Wednesday that it would shut down its large Beaumont, Texas, refinery.
Craddick said it could potentially take weeks to get all Texas refineries back on line. The pipeline is key to moving gasoline, jet fuel and other refined products to points along the East Coast from Florida to New Jersey. "This summer, eclipse travel injected an extra burst of demand for Idaho fuel that has carried over into Labor Day weekend".
About one quarter of oil refining capacity on the Gulf Coast has been taken offline, AAA said.