Gas and the Hurricane: Why Prices Might Actually Go Down
STATE WIDE--Gas has gone up most places in Indiana over the past week. But, this Saturday could bring some relief. That's when the changeover to a cheaper blend happens, and gas prices traditionally go down a bit.
The state average went up about a nickel, to $2.83 a gallon, said Gasbuddy.com.
In Indianapolis, the average price for a gallon of regular went up almost ten cents, to $2.85 per gallon.
Ft. Wayne was an exception. Gas prices went down about three cents, to $2.70 per gallon.
"Overall, it was a mostly stable week with some up and down movement state-by-state, but now we await the changeover to winter gasoline that happens this Saturday for some relief at the pump," said Patrick DeHaan, head of petroleum analysis for GasBuddy.
"While Hurricane Florence may pose fuel-related challenges for areas of the East Coast, there is little to no threat to refineries at this time and is thus unlikely to bring measurable impact to the national average price of gasoline, but could bring supply challenges to several states, depending on levels of evacuations and timing of them.
As Florence heads towards the Carolinas, the only refinery in the uncertainty cone is an asphalt refinery in Savannah, GA (near SC state line). Plenty of fuel terminals in harms way, power losses at terminals and for @Colpipe pipeline booster stations pose risk to fuel supplies. pic.twitter.com/9QA7r8bw4J
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) September 9, 2018
DeHaan said that the fewer number of people driving means gas prices will likely drop some.
"Hurricane season aside, gasoline demand will likely drift lower nearly countrywide, putting some additional downward impact on prices in most communities over the next few weeks," he said.
PHOTO: Chris Davis/Emmis