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Post-Harvey gas prices might have peaked last week, analyst says

12 September 2017

The national average hit its highest price recorded so far this year on Thursday at $2.67 a gallon, with DE gas prices staying near that average. The price in New Hampshire went up 1.2 cents in the past week, to 2.69 per gallon.

Nationally, the average price of gasoline was $2.67 a gallon, up five cents from seven days earlier, while Georgia's average of $2.75 was six cents higher during the same period, according to the auto club.

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The average in the state of Nevada also increased.

The average price of gasoline jumped in the past two weeks after Hurricane Harvey prompted the closure of refineries.

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Motorists can find current gas prices along their route with the free AAA mobile app for iPhone, iPad and Android. The wholesale price of gas is falling, the supply of gas remains high and Gulf Coast refineries shut down prior to Harvey are coming back on line. There have been spots where gas stations in the region have been unable to keep up with demand.

Monday morning's average, however, is 2.2 cents more than a week ago, 48.3 cents more than last month and 64.2 cents more than a year ago, the technology company's survey shows. "However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries". Once again, motorists shouldn't expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector.

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The national average has increased 1.8 cents in the last week to $2.65 per gallon.

Post-Harvey gas prices might have peaked last week, analyst says