YOUR BUSINESS AUTHORITY

Springfield, MO

Hurricane Harvey spikes local, national gas prices

Posted online


Hurricane Harvey’s disastrous wake is being felt across the country, forcing a large spike in gas prices during the past week.

Missouri’s average gas price rose 25.6 cents to $2.41 per gallon yesterday, ranking the state sixth on GasBuddy.com’s list of the lowest figures nationwide. The Show-Me State outpaced the national average, which jumped 23.8 cents to $2.64 per gallon, according to a GasBuddy.com news release.

"Thanks to Harvey shutting down an extensive amount of refining capacity, the national average gasoline price saw its largest weekly jump since Katrina hit the Gulf Coast in 2005,” said Patrick DeHaan, senior petroleum analyst for GasBuddy, in the release. “Every state has seen average gas prices rise. Until Texas can recover from Harvey, gasoline prices will likely continue to remain elevated.

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

The lowest cost for gas in Springfield this morning was $2.31 per gallon at a handful of stations. Prices elsewhere in the city ranged up to $2.37 per gallon, according to MissouriGasPrices.com.

Statewide, prices were as low as $2.14 per gallon at a station in Bethel and as high as $3.09 per gallon in Ladue.

West Texas Intermediate crude oil was trading at $48.79 as of 9:39 a.m., compared with a 52-week range of $42.06 to $55.24.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Business Spotlight: Remaking Safety

CNH Industrial Reman clocks in 4 million hours of safe manufacturing work.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
From Cutbacks to Cutting Tracks

“Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …

Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …
Booked - The 7 Habits of Highly Effective People “I think it’s a really great book and I wish I had read it earlier in my career,” says Candida Deckard, the Director of Human Resources and Safety at CNH Industrial Reman and one of Springfield …
From Concept to Completion “Every day we’re still learning. We’re not perfect, but we’re trying to get there,” says Cosmo Kwon, Co-Owner of Hinode in Nixa, Mo. Kwon says there is a huge difference in purchasing an …
Building on Each Other’s Strengths “To be good at business, or whatever you do, you need know what you can do and what you’re not good at,” says Eric Jones, co-owner of United States of Apparel. “When you’re not good at …