Due to the hurricane, gasoline prices are currently up twenty cents a gallon on the wholesale market, about ten cents above the last record.
The prices may calm down in the next few hours, but this hurricane is having a definite impact since it has regained strength and is projected to hit major oil communities with winds of over 150mph.
This means that 11% of US gas production is shut, and from what I estimate, LOOP, which is the Louisiana Offshore Oil Platform may, *MAY* sustain damage that will effect production.
Again, get gas tonight ASAP. If prices stay the way they are now, look for
2.99-3.05 a gallon tomorrow morning.
The price will remain high due to the hurricane for a few weeks until damage to oil facilities can be assessed, so settle in 🙁