Mexican Media Brands
U.S. Gasoline Prices Jump 4 Cents Per Gallon
Average gasoline prices in the U.S. climbed four cents to $2.37 per gallon today, as Hurricane Harvey idled about 25% of oil refining capacity along the Gulf Coast.
#economics
Share
Average gasoline prices in the U.S. climbed four cents to $2.37 per gallon today, as Hurricane Harvey idled about 25% of oil refining capacity along the Gulf Coast.
The storm forced eight refineries in Texas to shut down, reducing the region’s output by 2.5 million barrels per day. Operators are still assessing the damage.
AAA says states posting the largest one-week increase in gasoline prices are Indiana (+11 cents per gallon), Ohio (+9 cents), Florida (+7 cents) and Michigan (+7 cents). Prices in Texas, which has been hardest hit by the disaster, rose 4 cents.
Average fuel prices are lowest in South Caroline ($2.11 per gallon). AAA says prices are at $2.12 per gallon in Alabama, Arkansas and Mississippi.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.