Contact Us

Will Harvey Lift Gas Prices? Maybe, Say Experts

Houston oil refinery (Joe Raedle-Getty)
Houston oil refinery (Joe Raedle-Getty)

Despite significant shutdowns of refineries in Texas due to Hurricane Harvey, many experts say don’t expect gas prices to go through the roof. But they will definitely not drop.

Normally this time of year, say experts, summer vacation travel ends, creating a drop in demand. Prices fall, and even though there’s the Labor Day travel surge, they usually stay lower.

But with some 16 percent of total U.S. refining capacity offline in and around Houston, the Labor Day price drop will probably stay level, or go up slightly. USA Today reports prices (national average) rose a penny or two over the weekend.

A ‘modest’ rise is anticipated. But some experts claim the long-term effects will result in higher natural gas and other fuel prices this winter. The Oil Price Information Service says so far the damage caused by Harvey to infrastructure is not nearly as bad as Katrina, so the oil industry has not sustained serious damage.

However, if the rain and flooding continue, gas prices will most certainly continue to rise, although not skyrocket. Locally, Gas Buddy reports prices in Kennewick starting at $2.65 then a string of other outlets at $2.71.  Pasco was at $2.71 to $2.73 and Richland $2.65, $2.67 and up.

Best of Newstalk 870

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://newstalk870.am using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Newsmembers quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Newsmembers contests, events, coupons, presales, and much more delivered to you for FREE.