April 22, 2018

Hurricane could impact gas prices

31 August 2017, 01:49 | Lionel James

Hurricane could impact gas prices

Hurricane could impact gas prices

Gas prices could rise 25 cents a gallon or more for several weeks in some parts of the country as the energy industry climbs out of hurricane Harvey's epoch rainfall in southeastern Texas.

At $2.40, today's national gas price average is six cents more expensive on the week and one of the largest one-week national gas prices surge seen this summer.

That holds true for Texas and the state's GulfCoast, which may see the highest price increases given their dependence on the refineries forced to shut down, she said.

Approximately a quarter of oil refining capacity in the Gulf Coast was taken offline, according to forecasts by Oil Price Information Services.

"Prices will likely rise almost country wide heading into Labor Day, from rural towns in the Rockies to major cities in the Midwest and West Coast - almost everyone will feel a bit of a pinch at the pump from Harvey". "Prices will likely rise almost countrywide heading into Labor Day". Read the full story and more in your Weekend edition of The Ennis News.

AAA is predicting prices will increase 15 cents in the next few weeks.

Kim Fundingsland/MDN The price of gasoline increased at some pumps in Minot as of midday Tuesday. He suggested retailers could use the wholesale price increase as an excuse to raise prices to boost profit margins.

Nearly 2 million barrels of refining capacity was taken off line because storm shakes Texas with unprecedented flooding and rain.

Bangladesh v Australia: David Warner and Usman Khawaja fail as Aussies collapse
In his next over he removed Imrul Kayes and Sabbir Rahman for nought off successive deliveries to reduce Bangladesh to 10 for 3. Bangladesh had run out of reviews, however replays suggested that the ball had hit Hasan's pad rather than the edge.

No indication has been given of how long the refineries will be closed, Nelson said.

The devastation of Hurricane Harvey continues to grow, with some 30,000 people displaced, 30 confirmed dead and a second landfall near the Texas-Louisiana border on Wednesday morning.

The state average was $3.001 per gallon, while the national price was $2.378, AAA reported.

The result will be higher prices, but it should be just a one- or two-week problem, Joswick said.

So if you didn't fill up on gas last night, you may have missed your only shot at more affordable prices.

The gas prices spike is expected to hit within about ten days.

While most people who travel for Labor Day do so by auto, the airline industry is also seeing an impact from the storm.

"We're anticipating 1 or 2 percent growth; that's what we've been seeing all year", he said.

Other News

Trending Now

ISIS negotiates safe exit from the Lebanese border in air-conditioned buses
It also marks the first time Islamic State has publicly agreed to a forced evacuation from territory it held in Syria . The coalition nevertheless said in a statement that it is not bound by the evacuation agreement.

Qatar To Return Ambassador To Iran Amid Regional Crisis
Even after Qatar withdrew its ambassador from Iran in 2016, the two countries maintained their valuable commercial ties. Qatar has denied the charge and said this week it was anxious pilgrims from the emirate would be treated badly.

Local lawmakers react to House passing education bill
The Republican's Monday signing comes a year after he vetoed a similar measure over concerns about voter fraud. But some of Illinois' largest teacher unions have already lined up against the measure, saying Republican Gov.

Liverpool agree to sign Naby Keita next year, say reports
Keita, along with Southampton's Virgil van Dijk, was a priority for Liverpool coming into the summer transfer window. The deal will surpass the £35 million club record fee the Merseyside club paid Newcastle to sign Andy Carroll.

'The Texas Chain Saw Massacre' Director Tobe Hooper Dies At 74
They end up encountering a family of cannibals, including the human skin-masked, chain saw-wielding Leatherface (Gunnar Hansen). Numerous spinoffs have also been produced, most recently a prequel titled " Leatherface " to be released in September.

Trump Revisits Greatest Hits: David Clarke, The Election, NAFTA, 'THE WALL'
The wall won't have any effect on us. "Mexico will pay for it through reimbursement/other", CNN reported. Now he has threaten to shut down the government if Congress doesn't give him money to pay for the wall.

Arsenal deny Alexis Sanchez has submitted a transfer request
ARSENAL HAVE REJECTED a bid of £50 million from Manchester City for Alexis Sanchez , according to latest reports. Arsenal have denied Alexis Sanchez has handed in a transfer request.

Feuding US Congress to debate storm Harvey recovery funds
On the disaster funding bill, Cruz has stayed silent about his plans, instead of taking the lead as local senators usually do. But with the storm forecast to churn along the Gulf coast for at least two more days, that estimate could surge.

Yakuza 2 is getting an 'extreme' HD remake, too
Like its predecessor, Yakuza Kiwami 2 will feature completely remade visuals of its characters and the cities of Tokyo and Osaka. The game will be built on the latest iteration of the Dragon Engine which is now powering up Yakuza 6: The Song of Life .

After Peaceful Demonstration in San Francisco, Second Counter-Protest Expected in Berkeley
A few antifa members violently beat up a couple of alleged neo-Nazis. "Do not!" said Tur-Ha Ak of the Anti-Police Terror Project. The violence in Berkeley on Sunday stood in stark contrast to the peaceful counter demonstrations in San Francisco on Saturday.