Hurricane Harvey Causing Gas Prices to Jump

Gas prices have jumped about fifteen cents a gallon this week on average in mid-Missouri, according to gasbuddy.com.

Mike Right with AAA says you can blame Harvey.

“In the last few days, we’ve seen a significant reduction in the refining capacity in the United States as a result of both the damage associated with the hurricane, as well as the flooding in Texas and Louisiana.”

Right says he expects gas prices to top out at about $2.50 a gallon on average in Missouri, before starting to go back down in about a week. It may take another week before Texas and Louisiana refineries recover.

“Anywhere from one-fourth to one-third of all of the gasoline produced for the United States market comes out of that region of the country,” Right says. “It’s an absolutely critical energy source for the entire nation.”

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