As of Thursday, some 15 refineries representing about 25 percent of US refining capacity were offline from Corpus Christi, Texas, to Port Arthur, Texas, the Energy Department reported. Check your local gas prices here: https://www.gasbuddy.com/ But there is some good news for drivers.
In the Big Apple, the average price is up about 13 cents from a week ago, to $2.73.
Just last week, they were sitting around $2.13 statewide.
Meanwhile, the head of the Texas agency that regulates the oil and gas industry is urging people to wait three or four days to fill their cars and trucks with gasoline if they can.
Hurricane Harvey is already impacting what you pay at the pump and the rise in prices isn't slowing down, according to petroleum analysts. "With this whole tip in the balance, in which the U.S.is in a deficit of gas production and the price of gas is soaring, that's drawing the eye of gas refineries around the globe". "Everything from ME down to Florida is now affected", he told CTV News Channel Friday.
At least two major pipelines - one that ships gasoline across the southern United States and up to NY, and another that flows north to Chicago - have been slowed or stopped because of flooding and damage.
But Sitton warned that if people rush to gas stations to fill up their tank out of fear that the supply will run out, they will cause an increased demand. Price increases do not reflect a shortage of gasoline supplies in the Gulf Coast region or across the country.
"Some of the refineries in Canada are going through fall maintenance, and that means we just don't have any capacity".
"We have gasoline. We have enough gasoline across the country and enough gasoline in Texas".
"There's plenty of gasoline", he said. LOGA officials say this hike is only temporary.
Gas prices could spike as much as 50 cents in the area and 40 cents nationally as the USA oil and gas industry struggles to meet the demand, the Houston Chronicle reports.