how high is high?
In 1 to 2 weeks we are heading to South Texas from Pa by way of Yellowstone National Park. Gas prices in Pa are up about ten cents a gallon already. I'm wondering if anyone saw the gas price forecast ...
Forum Discussion
Dutch_12078 wrote:
Obviously, how high the prices go and for how long is entirely dependent on how much finished gasoline is being held in storage and how much is delivered for the Holiday weekend soon the refineries can get back in full production. From the reports I've heard so far, there appears to have been minimal damage to them for the most part, and they did have time to do controlled shutdowns, so that's in favor of relatively quick restarts once the supporting infrastructure is back in place.
Fixed part of that for you. Gas is one product that is always being refined. It is used in the larger process of refining oil in the catalytic process. Storage quantities dictate (a lot) what the end price will be to the user. Holidays are always a scaled uptick in price.
Lack of production, low storage quantities, and a Holiday weekend make a perfect storm for price spikes. Without Harvey, we all would have seen $.10 increase this weekend.
Using Gas Buddy will make you feel better but overall cost of differing gas prices along your route will be negligible.
