Gas prices not expected to rise due to Hurricane Florence

Source: MGN - 343031

According to a press release from GasBuddy, they have now expanded their fuel availability tracker for people evacuating due to Hurricane Florence.

Patrick DeHaan, Senior Petroleum Analyst at GasBuddy stated, “Supply continues to flow out of refineries at normal levels, so the outages at stations are more of a headache than a panic - there's many stations that still have fuel as refiners and gasoline production have continued countrywide. There have been no refinery shutdowns as a result of Florence.”

People seeking gas should still expect lines at the pump, as stations refill their supply.

Power outages have the potential to make filling up a bit more challenging, but there is plenty of gasoline. The only delay should be getting the fuel to the stations.

DeHaan stated that "gas prices are still likely to fluctuate in the days and weeks ahead, but it will likely be due to other factors, such as the price of oil rising or falling. There may be minor price movements, mainly in the hardest hit areas as a result, but only in a worst case scenario. Gas prices will eventually fall due to lower autumn demand and a switch to cheaper winter gasoline that takes place this weekend. This event is very unlikely to drive broad large price increases.”

The GasBuddy is available for download to see which gas stations have power, gas, and diesel.

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