Finance

Reactions to Rising Gas Prices

Reactions to Rising Gas Prices

"And by mid-September, we'll start to see a decline".

Tropical Storm Harvey's battering of southeast Texas is pushing up gas prices for Minnesotans.

Gas prices are now $2.38 for unleaded regular in Tampa Bay, $2.41 in Florida, and $2.45 nationally.

Officials say patience is key as they restock gas pumps around the clock and work to resume full service at airports. When you talk about the gas price increase, yes, we've seen a 25-cent increase over the last week. "That's based on the reports that we're getting about the status of the refineries".

The Speedway on the corner of State Street and Columbia Street in Hudson, which typically has slightly higher gas prices than the Citgo, was selling regular gas at $2.69 a gallon Friday.

"It was $2.25 a gallon only a couple days ago, it is up now", Singh said.

In the Twin Cities, Weinholzer said she has seen prices vary by 10 cents between stations operated by the same company. Last year's Labor Day Weekend Pit Stop hosted 1,725 holiday travelers, and roughly the same number of travelers are expected this year as well.

Harvey's impact on gasoline prices was heightened because Houston "is the epicenter of the USA refinery community", according to Mac.

"It's going to have a big increase with this hurricane hitting-a big, big increase".

To help mitigate fuel supply shortages, the Environmental Protection Agency issued a waiver requirement Wednesday for low volatility gasoline and reformulated gasoline in 12 states, including Kentucky.

Statewide, the average cost was $2.37 on Friday.

According to Mac, gas prices historically begin to go down at this time of year.

Several Texas oil refineries have closed due to Hurricane Harvey, contributing to the traditional Labor Day weekend fuel price spike.

Amy Donelson, of Hurley, said she noticed the price went up but said it was not as bad as it has been in the past.


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