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The Journal Gazette

Wednesday, September 12, 2018 5:38 pm

Florence won't spike gas prices, analyst says

The Journal Gazette

Hurricane Florence is not an event that will cause widespread gas-price increases, GasBuddy said today.

"Refiners are unhindered and out of the way of the storm, so gasoline keeps flowing," said Patrick DeHaan, GasBuddy's head of petroleum analysis, in a statement. "Gas prices are still likely to fluctuate in the days and weeks ahead, but it will likely be due to other factors, such as the price of oil rising or falling."

Prices will eventually fall because of lower autumn demand and a switch to less-expensive winter gasoline, the statement said.

GasBuddy said it had expanded its fuel availability tracker on its smartphone app for drivers in Georgia, North Carolina, South Carolina and Virginia looking for gas ahead of the hurricane's arrival.