Gas Price Hike Only Temporary
Oil analysts say the pinch at the pump in the wake of Hurricane Harvey and now Irma will be only temporary.
FOX’s Jeff Monosso reports:
We saw the sharpest one-week increase at the pump since Hurricane Katrina, with the national average thanks to Hurricane Harvey now at about $2.68-per gallon.
With GasBuddy’s Patrick DeHaan saying that Texas based oil refineries and off shore oil production are down some 10 percent:
(Dehaan) “It wouldn’t surprise me to see stations increase prices in much of the south east in Georgia, Florida and the Carolinas.”
Where a supply and demand challenge looms in the wake of Hurricane Irma, though analysts expect the gas price surge to be only temporary.
The EPA also last week signed off on states’ waivers to use cheaper winter blend gasoline to ease supply shortages.
Jeff Monosso, FOX News.
