ShareThis Page
Regional

Hurricane Florence won't cause widespread gasoline price spikes, analyst says

Brian C. Rittmeyer
| Thursday, Sept. 13, 2018, 8:39 a.m.

Hurricane Florence will not cause widespread spikes in gasoline prices, an analyst says.

Supply continues to flow out of refineries at normal levels, said Patrick DeHaan, senior petroleum analyst at GasBuddy. No refineries have shut down because of Florence.

“The good news for motorists is that this is not an event that will result in widespread gas price spikes. Refiners are unhindered and out of the way of the storm, so gasoline keeps flowing,” DeHaan said.

Gas prices are likely to fluctuate in coming days and weeks, but because of other factors such as the price of oil rising or falling, he said.

“There may be minor price movements, mainly in the hardest hit areas as a result, but only in a worst case scenario,” he said. “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.”

Brian Rittmeyer is a Tribune-Review staff writer. You can contact Brian at 724-226-4701, brittmeyer@tribweb.com or via Twitter @BCRittmeyer.

TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.

click me