Hurricane Ian Could Drive Gasoline Costs Even Increased

You will have observed that fuel costs have been on the rise only a bit over the previous week. In accordance with AAA, the common worth of a gallon of standard fuel now sits at $3.75. That’s up $0.07 from the tip of a 99-day straight lower that ended September 21.

As for what occurs subsequent with fuel costs, it’s a bit difficult to inform, since there are all types of things going each methods.

Within the “costs taking place” nook now we have: low demand for fuel and the worth of oil dropping.

Within the “costs going up nook” now we have: refinery points (reminiscent of deliberate upkeep and a fireplace) and… a hurricane.

“Slack demand and decrease oil costs ought to take some stress off rising fuel costs,” Andrew Gross, AAA spokesperson, mentioned “However Hurricane Ian might trigger issues, relying on the storm’s observe, by disrupting oil manufacturing within the Gulf of Mexico and impacting massive coastal refineries.”

So, what have we discovered from this? Effectively, for starters, it’s principally not possible to inform the place fuel costs will go. If I needed to give an informed guess, I might say they are going to proceed to pattern upwards, however at a a lot slower price than could be if there was the next demand for the dinosaur juice. On the finish of the day all we will actually say is… what are ya gonna do?

Hope you loved that. Anyway, let’s check out fuel costs across the nation.

Right here is the very best common fuel costs within the nation so as of highest worth for a gallon common:

California – $5.88 Common | $6.03 Mid | $6.20 Premium | $6.28 Diesel

Hawaii – $5.24 Common | $5.48 Mid | $5.71 Premium | $6.11 Diesel

Oregon – $5.14 Common | $5.17 Mid | $5.40 Premium | $5.46 Diesel

Nevada – $5.12 Common | $5.32 Mid | $5.55 Premium | $5.20 Diesel

Washington – $5.02 Common | $5.12 Mid | $5.33 Premium | $5.45 Diesel

Right here is the bottom common worth of gasoline within the nation so as of lowest worth per gallon of standard:

Mississippi – $3.07 Common | $3.44 Mid | $3.80 Premium | $4.53 Diesel

Texas – $3.11 Common | $3.49 Mid | $4.82 Premium | $4.46 Diesel

Louisiana – $3.12 Common | $3.48 Mid | $3.84 Premium | $4.60 Diesel

Georgia – $3.15 Common | $3.53 Mid | $3.92 Premium | $4.59 Diesel

Tennessee – $3.19 Common | $3.55 Mid | $3.92 Premium | $4.60 Diesel

What are ya gonna do?