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
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
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.