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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.
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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.
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