AAA reports Refineries recovering from Hurricane Harvey, Irma Stirs Uncertainty
September 6, 2017
Tampa, FL – Gas prices spiked during the past week in response to Hurricane Harvey’s impact on the fuel refining region in the Gulf Coast.
This left motorists with the most expensive Labor Day gas prices in three years. Just as operations in the Gulf Coast begin to recover, motorists are faced with the potential of another major storm.
Gas Prices rise due to Hurricane Harvey’s impact on Gulf Coast oil refineries.
National Gas Price Average Hits Highest Pump Price of the Year
September 2, 2017
Tampa Bay, FL – At $2.45, today’s national gas price average is the highest recorded price for a gallon of unleaded gasoline so far this year.
The near-term combinations of numerous refinery and pipeline shut downs, tightened access to supply levels in the Gulf and anticipated high gasoline demand surrounding Labor Day weekend, means motorists may not have seen the full impact of Harvey at the pump.
Hurricane Harvey Induced Refinery and Pipeline Shut Downs Spur Short-Term Spike.
AAA Forecasts Hurricane Harvey to Impact Gas Prices
August 25, 2017
Washington, D.C. – As it bears down on the Gulf of Mexico, Hurricane Harvey has high potential to negatively affect five southern Texas coast refineries and condensate splitter as well as crude and gasoline inventory levels in the region and beyond. The National Weather Service’s (NWS) National Hurricane Center (NHC) expects Harvey to approach the southern Texas coast on Friday.
Additionally, the Government of Mexico has issued a tropical storm watch for the area south of the mouth of the Rio Grande to Boca de Catan.
AAA says that all five refineries in the Corpus Christi area are likely to be shuttered as a precaution because of the incoming storm.
Gas Prices Remain Steady Despite Increased U.S. Production reports AAA
March 7, 2017
Tampa, FL – Oil prices slipped fractions of a penny over the weekend, reaching today’s national average price for regular unleaded gasoline of $2.31 per gallon. Today’s price is still two cents more than one week ago, four cents more compared to one month ago and 50 cents more per gallon year-over-year.
Retail prices continue to fluctuate but have remained between $2.28-2.32 for more than a month as reports of increased U.S. production continues to counter OPEC rebalancing efforts.
AAA reports Drivers Paying Highest New Year’s Gas Prices Since 2014
January 3, 2017
Tampa, FL – The New Year began with increased gas prices reaching today’s average of $2.34 per gallon. The national average has moved higher for 34 of the past 35 days, largely due to market reactions to last fall’s OPEC deal. Pump prices increased by five cents on the week, by 18 cents per gallon on the month, and are up by 34 cents on the year.
Moving into 2017, retail prices will continue to hinge on the ability of cartel countries to successfully implement production cuts, but retail averages are likely to increase leading up to the summer driving season as seasonal refinery maintenance gets underway this spring.
National Average Gas Price has gone up for the last 35 days due to OPEC Deal.
AAA reports Refinery issues push Gas Prices Higher
January 3, 2017
2016 Gas Prices Were Lowest Since 2004
Tampa, FL – The New Year began with increased gas prices reaching today’s average of $2.34 per gallon. The national average has moved higher for 34 of the past 35 days, largely due to market reactions to last fall’s OPEC deal.
Compared to a week ago, pump prices have risen 5 cents nationwide, 9 cents in Florida, 6 cents in Georgia, and 4 cents in Tennessee.
