Gasoline is up about a dime-a-gallon after Hurricane Harvey battered the Gulf Coast. Triple-A’s Gail Weinholzer says expect another dime or two, but we’re “absolutely not” headed for three- or four-dollar-a-gallon gasoline unless something significant changes. Weinholzer says, “There’s absolutely no shortage. There’s just a constriction of supply. These refineries were closed for safety precautions and it’ll take probably three to seven days to get most of them back up on-line.” Weinholzer notes demand for gasoline usually drops off after the Labor Day and that should lessen some of the pressure on prices at the pump. Weinholzer says about 25 percent of the nation’s refining capacity is currently closed but most facilities should come back on line within a week. She adds the U-S Department of Energy released a significant amount of oil from reserves to help lessen price increases.
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