Gas Prices Rising In The Wake Of Hurricane Harvey

Follow CBSMIAMI.COM: Facebook | Twitter

MIAMI (CBSMiami) – Massive flooding from Hurricane Harvey has affected the oil and gas industry in Texas and triggered a spike in fuel prices.

AAA reports the national average for a gallon of gas is up four cents, to $2.37 a gallon, making it one of the largest one-week increases this summer.

Indiana, Ohio, Florida and Michigan saw the largest week-over-week price jumps.

AAA reports approximately one quarter of the oil refining capacity in the Gulf coast is offline.

Analysts predict prices at the pump are likely to rise as much as 25-cents a gallon nationwide in the weeks ahead.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Miami

CBS4 New Home For Florida Lottery
Pro Football Challenge
Pro Football Knockout Pool

Watch & Listen LIVE