Gas price hike highest since Katrina in '05, GasBuddy says

Gas prices see record rise in Carolinas after Hurricane Harvey

Gas prices in Florida are up to an average of $2.64 per gallon of regular gas, $2.69 in Miami and Fort Lauderdale, according to AAA.

Hurricane Harvey is affecting gas prices across the nation, and both Rhode Island and MA drivers paying significantly more for gas than they did just one week prior, according to AAA Northeast. It is 12.7 cents more than one week ago, 18.2 cents higher than one month ago and 43.1 cents greater than one year ago. A year ago at this time, the average price in Rhode Island was 51 cents lower at $2.18.

Gas prices in Central Florida have been steady for almost a year as mild weather, low oil prices and middling demand have kept prices between $2 and $2.30 a gallon. According to GasBuddy historical data, gasoline prices on September 5 in Sacramento have ranged widely over the last five years: $2.54/g in 2016, $2.94/g in 2015, $3.76/g in 2014, $3.69/g in 2013 and $4.10/g in 2012.

Stations that had gas at $2.19 per gallon along the Northwest Seventh Avenue corridor on August 28 sold it at $2.59 or $.2.69 by Saturday morning - if they had it.

DeHaan wrote, "While it may be weeks or longer before all refineries are back online, we now turn our attention to Hurricane Irma".

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Just as gas prices were starting to stabilize and refineries in Texas were returning to full capacity in the wake of Hurricane Harvey, here comes Irma.

"AAA does not expect refineries to be offline for months, as early reports indicate minimal to no significant damage to Corpus Christi and Houston refineries", Tiffany Wright, spokesperson for AAA Carolinas, said in a statement issued on Thursday.

As the emergency situation evolves, refiners in other regions, additional imports and alternative transportation routes may be needed to fill any gaps in meeting demand during the aftermath of the storm -- all of which could tighten supply and add extra costs to getting gasoline to the pump.

More than 2.3 million barrels of daily USA refining production - 13 percent - remained offline as of Sunday, energy industry publication S&P Global Platts reported.

But Harvey's impact is widespread, said DeHaan. "Much remains in the air, but the situation promises to be challenging if Irma threatens the USA mainland". Motorists in some areas may start to see relief as refineries get back online and gasoline begins to flow again.

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