Tropical Storm Harvey’s impact includes increasing gas prices

Tropical Storm Harvey's aim for Texas is expected to be more than just heavy rainstorms. According to the crowd-sourced tracker, GasBuddy, gas prices will be higher across the South and much of the country as a result of a possible large disruption to gasoline supply from the storm.

Harvey’s impact to Texas, the nation’s largest refining hub, will cause wholesale gasoline prices to rise nearly 10 cents per gallon, varying by location with the largest jumps in the Gulf.

“Gasoline prices in every state will be impacted to varying degrees over the next 1-2 weeks, possibly longer, so buckle up and be ready," said Patrick DeHaan, Senior Petroleum Analyst at GasBuddy.

Though the impact on Texas could be significant, Harvey’s effect can also lead to long-term issues in terms of gasoline supply for large portions of the country. Refinery shut downs lasting more than 2 weeks could have a negative impact on gasoline prices moving forward.

We will continue to update details on Tropical Storm Harvey as we find out more.