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TexasTowelie

(111,970 posts)
Thu Sep 14, 2017, 06:04 AM Sep 2017

All but two Southeast Texas refineries restarting

Gasoline prices are starting to fall after peaking late last week as temporary shortages caused by Hurricane Harvey begin to ease.

The Beaumont average for a gallon of regular unleaded gasoline Monday morning was down slightly from a high of $2.40-plus last week, but still well above the $2.19 a gallon average before Harvey approached the Texas coast. The national average slipped to $2.67 per gallon, down by nearly 1 cent, but up 35 cents from pre-Harvey levels.

Average gas prices nationally will likely remain elevated longer as Hurricane Irma, which made landfall in Florida over the weekend, creates shortages in Florida, South Carolina and Georgia.

"Harvey may be long gone, but his wrath continued to drive gasoline prices up in much of the country in the last week," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries."

Read more: http://www.beaumontenterprise.com/news/article/All-but-two-SE-Texas-refineries-restarting-12189634.php

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