Hurricane Florence could cause East Coast gasoline supply problems
Hurricane Florence is unlikely to affect the national average price of gasoline, but could create supply problems for some states, a gas analyst says.
“While Hurricane Florence may pose fuel-related challenges for areas of the East Coast, there is little to no threat to refineries at this time and is thus unlikely to bring measurable impact to the national average price of gasoline, but could bring supply challenges to several states, depending on levels of evacuations and timing of them,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Hurricane season aside, gasoline demand will likely drift lower nearly countrywide, putting some additional downward impact on prices in most communities over the next few weeks.”
In Pittsburgh, gas prices rose 0.4 cents per gallon in the past week to an average of $3.11, according to GasBuddy’s daily survey of 731 stations. Prices are 22.3 cents per gallon higher than a year ago, and 1.8 cents per gallon lower than a month ago.
Nationally, the average is lower at $2.84, up 1.6 cents per gallon from last week. The national average is 18.1 cents per gallon higher than a year ago, and 2.4 cents per gallon down from a month ago.
“Last week saw a brief and fairly tame rise in the national average, brought on mainly by a select few states where gas prices tend to be volatile,” DeHaan said. “Overall, it was a mostly stable week with some up and down movement state-by-state, but now we await the changeover to winter gasoline that happens this Saturday for some relief at the pump.”
Brian Rittmeyer is a Tribune-Review staff writer. You can contact Brian at 724-226-4701, [email protected] or via Twitter @BCRittmeyer.