AAA: Gas prices up 16.7 percent from previous year

06 September, 2017, 13:55 | Author: Chad Mckenzie
  • Gas prices see record rise in Carolinas after Hurricane Harvey

The average price for regular gas in the Bay State was $2.72 per gallon on Tuesday, up from $2.35 a week ago, and $2.16 a year ago, according to statistics provided by AAA. McTeague expected the Valdosta area would see price jumps of 30 cents a gallon or more over the weekend. In 26 states, drivers are paying an increase as high as 44 cents from a week ago.

Research firm GasBuddy reported that prices in Billings yesterday were 21 cents higher per gallon than one year ago, and 9.2 cents above last month's prices.

Gas prices in the Lima region have skyrocketed since last week as a result of Hurricane Harvey shutting down an extensive amount of refining capacity in Texas. Previous year prices were $2.32 per gallon, $2.30 per gallon in 2015, $3.54 per gallon in 2014, $3.64 per gallon in 2013 and $4.09 per gallon in 2012. Prices in Miami-County averaged $2.71 - a 36-cent hike. The average in Georgia rose 41 cents in the past week to $2.70.

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As much as a third of Texas' refineries are not producing, McTeague said.

AAA says the average price of gas statewide has risen by about 16 cents per gallon. "Gas prices should begin to decline later this month and into October - so long as there are no more close encounters with hurricanes".

"We had a trip planned to go to Nashville, Tennessee, but that's where Harvey was headed", said Sarah Reeder. In Fargo, prices ranged from $2.29 to $2.39, and in Crookston, prices ranged from $2.45 to $2.52.

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D'Amelia, speaking from Stewart's corporate offices in Saratoga Springs, acknowledged a 45-cent jump in price is dramatic.

In Texas, two out of the three Port Arthur refineries remained closed and together they refine 1.163 million barrels of oil a day. Help has to be able to get that production back up to speed.

The Colonial Pipeline that originates at the Gulf of Mexico carries gasoline to the Northeast, supplying Stewart's and other places that sell fuel, she explained. Gov. Rick Snyder signed an executive order declaring a State of Energy Emergency for the temporary suspension of rules for gasoline vapor pressure.

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