NATIONAL

Experts: Gulf Freeze May Boost Gas Prices, But Only Briefly

0
Jeremy Heskett, of Boston, prepares to pour gasoline at a Shell gas station, Thursday, Feb. 18, 2021, in Westwood, Mass. A deep freeze in the Gulf state region and beyond that killed dozens of people, left millions without power and jeopardized drinking water systems also forced as many as 11 refineries offline. The resulting capacity cuts could drive gas prices up by about 10 to 20 cents per gallon, said Patrick DeHaan, petroleum analyst at the travel app GasBuddy. (AP Photo/Steven Senne)

(AP)–A deep freeze in the Gulf state region and beyond that killed dozens of people, left millions without power and jeopardized drinking water systems also forced as many as 11 refineries offline. The resulting capacity cuts could drive gas prices up by about 10 to 20 cents per gallon, said Patrick DeHaan, petroleum analyst at the travel app GasBuddy.

The national average for a gallon of gas is currently between $2.54 and $2.57, meaning prices could rise to around $2.75 per gallon fairly quickly. Fortunately, it shouldn’t last long, assuming refineries are running at full strength when the weather normalizes.

 

AP Source: Police Suggest Keeping Capitol Fence For Months

Previous article

2 Dallas Officers Shot And Wounded While Responding To Call

Next article

You may also like

More in NATIONAL