Gas prices: How high will they go?

Gas prices: How high will they go?

Gas prices: How high will they go?

AAA said the highest prices in Florida are in West Palm Beach, with an average of $2.60 per gallon. "By October or maybe November, we should be back to $2 a gallon in Alabama".

As for concern over gas shortages, experts say the biggest supply risk is people's fear.

Gas futures shot up more than 10% Thursday, the last day of trading for contracts that promised September delivery of gasoline.

At least two major pipelines - one that ships gasoline across the southern United States to NY, and another that flows north to Chicago - have been slowed or stopped since hurricane Harvey struck the Gulf region.

Part of the pipeline that runs through Texas is shut down and inspections must be done before the entire system can be fully operational again, Colonial Pipeline spokesman Steve Baker said Thursday.

Mattis Rebuts Trump's North Korea Tweet: 'We're Never Out of Diplomatic Solutions'
The North Korean missile flew over US -ally Japan, and made it the second ballistic missile fired in four days. But the hermetic country has been ramping up its tests for nuclear and long-range missiles in the past month.

"Your state may be perhaps the best insulated state in the country east of the Rockies", Kloza said.

In addition, prices typically increase this week every year as demand is expected to go up with thousands of travelers hitting the road for the holiday weekend.

"Capitalism can be pretty cruel", he said.

Labor Day travelers may find gas prices ranging from a tad over $1.61 to more than $3.10 a gallon for unleaded regular, depending on where they filler 'er up. Diesel prices rose slightly from $2.30 to $2.33 over the week.

In the Augusta-Aiken area, the average price is $2.38 per gallon, compared to $2.11 a week ago.

Earthquakes rumbles through southeast Idaho
Most of the earthquakes were in the magnitude 0 or 1 range, with a further 181 recorded at magnitude 2 and 11 at magnitude 3. The first was a 4.3-magnitude quake at about 5:55 p.m., followed by a 5.3-magnitude shake about a minute later.

Five of the ten refineries that had been shut down on the Texas Gulf Coast were restarting on Friday, reported S&P Global Platts.

The national average price of regular gasoline nationwide stood at $2.54 Friday afternoon.

The DOE has released 500,000 barrels of oil from the U.S. Strategic Petroleum Reserve - the nation's reserve of crude oil.

Part of the Colonial Pipeline, which extends from Houston to NY, was shut down by the storm. The lines remain down from Houston to Hebert, Texas near the Louisiana border.

"AAA anticipates prices will likely increase another 15 cents per gallon heading into the week", she said. Prices for some parts of the Midwest like Michigan, Indiana and OH will probably rise about 15 to 25 cents, he said. However, there is a risk that prices could go much higher if there is any damage to a major refinery or pipeline - or it takes a long time to bring the refineries back online.

Ryan Finley, offense can't capitalize as NC State suffers another close loss
Ryan Finley's school-record 64th pass of the day was knocked away and landed with a thud in the end zone, along with most of N.C. State cut the lead to 7 on a 1-yard TD catch by Samuels and had two chances to tie the game late in the fourth quarter.

Related news