The national average reached $2.37 on Monday - one of the largest one-week nationalgas prices surge seen this summer, according to a news release from AAA.
The price of gasoline in MA is up two cents this week.
Flood waters are ravaging Houston, the fourth-largest city in the US and the rain just keeps on coming.
Even before the Harvey made landfall late Friday, dozens of oil and gas platforms had been evacuated. In the Wichita area, major gas station retailers boosted per-gallon prices from $2.29 to $2.49 in many locations today.
How long we'll see higher prices, he says, really just depends on how long refineries are down. Patrick DeHaan, senior petroleum analyst at GasBuddy, said the national average could climb as much as 10 cents a gallon this week, followed by another gain of 5 to 10 cents next week. Due to shut down of the refineries along the Gulf Coast, the gasoline prices on Labor Day weekend could jump up more than ten percent.
What's causing gas prices to rise?
The term refers to the differential in crude oil prices and the price of gas products that refineries are able to churn out.
The recent arrival of Hurricane Harvey in Texas and Louisiana has affected local fuel production and distribution, along with regional demand.
Those increases are not due to a lack of supply in the region, however, as Idaho gets most its oil from Wyoming and is refined in Salt Lake City.
More than one-fifth of US refining capacity has been shuttered, according to S&P Global Platts.
In other words, Harvey has disrupted about one-fifth of the country's total refining capability. This, along with the suppression of domestic demand amid the devastation, explains the weakness of USA crude oil prices and adds a little strength to some worldwide grades like Brent. Valero also announced the shutdown of its Port Arthur refinery on Wednesday afternoon. "That is predicated on a quick turnaround for the refineries that are offline". "It could be a week if not longer before Corpus Christi is at normal operations".
As I wrote here, though, the changes wrought by the shale boom mean the effects on energy markets are more nuanced than a decade ago, when a strong hurricane virtually guaranteed leaping oil and gas prices.
On the oil side, the USA remains a net importer of about five million barrels a day. "So the sooner that all the refining capacity and all the refineries there get back online the better".
Precision Drilling CEO Kevin Neveu, who splits his time between Alberta and Texas, said his house in the Houston suburbs is dry so far, but flooding has damaged the homes of at least five of his company's 300 Houston-area employees.
If you're struggling, you can find more information via Samaritans and Mind or you can call the Samaritans helpline on 116 123. MTV is using today's VMAs broadcast to raise awareness and support for mental health, via the US-based website Half of Us .
Political analysts feel that the Nandyal By- Elections results 2017 will reflect in the results of 2019 general elections. Hence, in a bid to outdo each other, the TDP and the YSRCP went all out during the election campaign.
The merger spawned fresh turmoil in the AIADMK which has been in chaos since the demise of chief minister and party chief J. Sasikala, who is in Bengaluru serving a four-year jail term after being convicted in a disproportionate assets case.
Considered one of the world's largest smartphone and memory chip makers, the full effect of the verdict is yet to be fully seen. Their quote references allegations that South Korean President Parks offered "repeated and aggressive " requests from Samsung.
Hot and humid conditions ahead of this front will increase the risk for severe weather due to extra moisture in the atmosphere. As much as 15 to 25 mm of rain are expected, and the forecast maximum temperature is 28 degrees Celsius with a humidex of 36.
The retailer unveiled that it will be shutting down 28 more of its stores as its parent company continues to struggle. In July, Sears announced it was closing 35 locations, and neither Kmart nor the local Sears outlet made the list .
The Galaxy S7 series, along with Galaxy Note 7 Fan Edition and Galaxy Tab S3 will also be updated to Android Oreo but later on. Android O updates for Google Pixel and Pixel XL smartphones , along with the Pixel C tablet from 2015 are available now.
Although many Americans have benefited from NAFTA, Lighthizer said that the agreement has "failed. countless Americans". U.S. mid-term elections are set to take place in November 2018, and the Mexican presidential election in 2018.
Arpaio endorsed Donald Trump for president in January 2016, as he was campaigning against primary challengers in Iowa. Sheriff Joe Arpaio targeted and terrorized Latino families because of the color of their skin.
Tickets are $2 each, and sales stop 59 minutes before the drawing, but may end earlier in some states. The odds for winning partial prizes are better, and the payoffs range from millions of dollars to $4.
Maria Sharapova's Dazzling Comeback at US Open
And this time, she did not let Halep back in, improving to 11-0 in first-round matches in NY . "It's the luck. With the emotional win, she improved to 7-0 against Halep and 18-0 in night matches at Arthur Ashe Stadium.
Katy Perry Stagehand Sues ... Thanks to You, I Only Got 9 Toes
TMZ published photos that documented Fish's injury throughout her ordeal and, TBH, it took a lot of preparation for us to look. A stagehand who lost a toe during Katy Perry's Prismatic world tour in 2014 is suing the singer for an undisclosed amount.
Why Lorde Didn't Sing During Her 2017 VMAs Performance
The "Greenlight" singer took to the 2017 MTV VMAs stage to perform " Homemade Dynamite ", but not quite how her fans expected. And not just any dancing, a very Lorde-esque interpretive dance routine that ended with her collapsing onto the ground.
Manohar Parrikar wins Panaji seat by margin of 4803 votes
The AAP has fielded Ram Chandra while the Congress has put its bet on former three-time MLA from Bawana, Surendra Kumar. The Nandyal election was also being seen as a referendum on TDP-BJP rule, ahead of the 2019 Assembly elections.
Xbox Games With Gold Titles Revealed for September 2017
The supernatural adventure title Oxenfree , normally $19.99, will be free for members to download from September 16 to October 15. This comes a month ahead of the release of Forza Motorsport 7 , so it's a good way to whet your appetite ahead of release.
Samsung unveils Galaxy Note 8, to launch from 15 September
Moreover, Samsung benefits from this as well since its highly anticipated smartphone will appeal to a wider range of customers. Perhaps the coolest addition to the Note8 is at the back of the handset where there is not one but two 12MP camera sensors.