Economy

Hurricane Harvey drives up gas prices by 35 cents at local pumps

Hurricane Harvey drives up gas prices by 35 cents at local pumps”

But GasBuddy petroleum analyst Patrick DeHaan said he sees relief on the horizon despite a likely jump of another nickel this week.

DeHaan said many refineries were back online or in the process of returning to operation, with gasoline production beginning to ramp up.

GasBuddy will continue to send in-app push notifications to consumers on gas prices and availability in affected areas. However, he said, "it may be weeks or longer before all refineries are back online".

Prices in Kentucky were 52 cents per gallon higher than the same day one year ago and are 37 cents per gallon higher than a month ago. Florida, the Southeast and Mid-Atlantic may be a touch and go area for gasoline. "It's been one of the most challenging weeks faced in years", he said. The ten states that saw the smallest increases: Hawaii (+0.2 cents), Utah (+3 cents), Idaho (+5 cents), OR (+6 cents), Alaska (+6 cents), Washington (+7 cents), Nevada (+7 cents), MI (+8 cents), Arizona (+9 cents), Montana (+9 cents), IN (+10 cents). Locally, the average price for a gallon of regular unleaded stood at $2.48 Tuesday afternoon, up from $2.14 a week earlier.

" Nebraska: $2.55, up from $2.31 a month ago and $2.24 a year ago".

Looking at gasoline prices in the coming week, the biggest increases to the national average are behind us. Gasoline inventory data, which did not yet include any disruption from Harvey, were unchanged, 1% lower than a year ago. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. "Thankfully, the track of Hurricane Irma does not take it anywhere near the energy infrastructure along the Gulf Coast".



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