Gear up for higher gas prices

Drivers pass by on Broadway in Poteau.
By: 
Amanda Corbin
News Reporter

Hurricane Harvey may ramp up gas prices ahead of Labor Day Weekend, according to reports from GasBuddy.

"Gas prices are up in many places and motorists should be gearing up for more in the coming weeks, thanks to Hurricane Harvey inundating significant refineries along the Texas coastline, leading to closures and tilting the delicate balance of supply and demand," said Patrick DeHaan, senior petroleum analyst for GasBuddy.

The [Aug. 28, 2017] average price of per gallon of gasoline in Oklahoma today is up 1 cent from last week to average out of $2.10. GasBuddy surveys 2,294 gas outlets daily across the Sooner State. The national average increased 3.9 cents over the week to average out at $2.36.

Prices provided by GasBuddy for regular per gallon of gasoline across LeFlore County:

• Bud's Country Junction (Poteau): $1.93.
• E-Z Mart (Howe): $1.97.
• Grand Slam (Pocola): $1.97.
• Sunset Corner Mart (Spiro): $1.97.
• Short Stop (Wister): $2.05.

Over the past five years, GasBuddy showed these average prices in Oklahoma for today's date: $2.07 per gallon in 2016, $2.36 in 2015, $3.24 in 2014, $3.41 in 2013 and $3.59 in 2012.

"Prices will likely rise nearly countrywide heading into Labor Day, from rural towns in the Rockies to major cities in the Midwest and West Coast — nearly everyone will feel a bit of a pinch at the pump from Harvey," DeHaan added.

"The impact could linger for several weeks or longer, depending on how long it takes Texas refiners to return to normal operations. In addition, the situation could worsen should more shutdowns or outages happen in the coming week as Harvey continues to drop feet of rain on already flooded Texas."

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