Harvey expected to impact holiday travelers

31 August, 2017, 01:43 | Author: Franklin Nunez
  • Harvey expected to impact holiday travelers

- Drivers across the USA will see Hurricane Harvey's impact at the gas pump, as the energy hub of southeast Texas faces devastating floods with the storm continuing to churn near the Gulf Coast.

Average retail gasoline prices in Modesto have risen 0.7 cents per gallon in the past week, averaging $2.81/gallon Sunday, according to GasBuddy's daily survey of 201 gas outlets in Modesto.

AAA reports approximately one quarter of the oil refining capacity in the Gulf coast is offline.

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AAA predicts the next 10 days will see the highest surge in prices of 2017, "likely pushing the national price for gasoline to the $2.50 range and keeping California above $3 a gallon".

At a Fort Worth Costco, customers were greeted with pre-hurricane prices, just a fraction over $2.06 per gallon.

At $2.75 a gallon, Idaho motorists are paying 29 cents more today than previous year, and prices could reach $2.85 per gallon in the coming days. Wholesale prices of gasoline have risen as much as 5 percent in futures, the highest since July 2015.

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The amount of water expected to hit Fort Bend County by late Tuesday could reach levels seen only about once ever 800 years. Mr Turner has inisisted that a mass evacuation of millions of people by auto was a greater risk than enduring the storm.

The nation's least expensive markets are SC ($2.11), Alabama ($2.12), Arkansas ($2.12), MS ($2.12), Oklahoma ($2.13), Missouri ($2.14), Virginia ($2.15), Louisiana ($2.16), Tennessee ($2.16) and Texas ($2.17).

Sustained price increases are not anticipated after the refineries return to operation, she said. DeHaan said drivers can expect those prices to continue to tick upward the longer the refineries are out of service. Texas and Louisiana refineries supply regions north and east of the Gulf Coast; refineries in the greater Northwest and Mountain West serve Washington and Idaho. If the refineries take more than a few days to come back online, motorists in the Carolinas and other regions across the country could see increases at the gas pumps. "This morning, the average price in the state is $2.24, so we're talking about about a five to six cent increase", DeHaan said.

The lowest city gas prices Monday at most stations in Greer were $2.07 - $2.09.

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Gas prices are on the rise. "A lot of that is tied to Labor Day demand, but there could be some ripple effect from Harvey as well". A year ago, the cost of gasoline was about $2.17 a gallon here.

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