Published on : Thursday, August 31, 2017
The Harvey storm has led to a rise in the gas prices nationwide. The local drivers have already noticed an increase and the prices are expected to go further up to as much as 10 per cent by Labor Day.
Areas around the Gulf coast have affected homes, business and oil refineries due to the heavy storm . It is reported that a quarter of the refining capacity in the region was shut down.
Last time the national average reached $2.50 in August, 2015, this time it will climb to the same amount due to Harvey.
States east of the Mississippi River is expected to be hit by the impact over the next seven to 10 days , however there has been no dramatic immediate impact.
The Wilkes-Barre area gas price average was at $2.53 per gallon, it raises up to a penny overnight but remains unchanged over the last week.
Wednesday’s Pennsylvania gas price average was up a penny over last week at $2.55 per gallon.
Jana L. Tidwell, manager of public and government affairs for AAA Mid-Atlantic said that the gas prices will continue to increase. Although the country’s overall oil and gasoline inventories are at or above five years high. A clear picture of damage and an idea when all refineries can get back to full operational status will determine the pricing.
In two years the pump prices will soar high by the Labor day weekend and the drivers will have to pay the highest gas prices.