Gas prices continuing to rise in our area after Harvey
CHATTANOOGA (WDEF) – The toll is in for gas disruptions last week from Harvey.
The average price for a gallon jumped 39.2 cents over the last week according to GasBuddy.com.
The average is now $2.52 a gallon, but is still rising.
Our entire region has been hit hard by gas disruptions to the pipelines and pumping stations from Harvey flooding along the Texas and Louisiana coasts.
“Thanks to Harvey shutting down an extensive amount of refining capacity, the national average gasoline price saw its largest weekly jump since Katrina hit the Gulf Coast in 2005 when the national average jumped 49 cents in a week.”
“Every state has seen average gas prices rise, Texas saw shortages at hundreds of stations- its been one of the most challenging weeks faced in years,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.
“Until Texas can recover from Harvey, gasoline prices will likely continue to remain elevated. The situation is beginning to look up, with many refineries either back online or in the process, and gasoline production is ramping back up.”
“While it may be weeks or longer before all refineries are back online, we now turn our attention to Hurricane Irma. With the Colonial Pipeline having shut down last week due to a lack of products, Florida and the Southeast and Mid-Atlantic may be a touch and go area for gasoline. Products are flowing to the region, but we’ll have to keep a close on the storm, as Irma’s path continues to be updated.
Colonial Pipeline's Line 2 restarted between Houston and Lake Charles today (9/4) at 3 p.m. EST https://t.co/QwarPxASo1
— Colonial Pipeline (@Colpipe) September 5, 2017