Labor Day pump prices were the highest of the year, thanks to refinery shutdowns caused by Hurricane Harvey.
As of Labor Day, the national average for a gallon of unleaded gasoline was $2.64. That’s 27 cents higher than the week before.
The price hikes are attributed to refinery and pipeline shut downs due to Hurricane Harvey, which made landfall on the Texas coast Aug. 25. About one-quarter of refineries in the Gulf Coast were taken offline in the aftermath of the storm.
According to AAA, the recent price hike represents one of the largest one-week national price increases. Motorists are now paying the highest pump price of the year. “Consumers will see a short-term spike in the coming weeks with gas prices likely topping $2.50 a gallon, but quickly dropping by mid to late September,” said Jeanette Casselana, AAA spokeswoman. “AAA does not expect refineries to be offline for months, as early reports indicate minimal to no significant damage to Corpus Christi and Houston refineries.”
The last time the national gas price average was $2.50 was in August 2015.
Floridians were paying the same average pump price, $2.64, on Labor Day, an increase of 32 cents compared to last week. In Tampa Bay, the average was $2.62, an increase of 33 cents from last week.
A check of local gas prices at gasbuddy.com, showed a range from $2.39 to $2.69 a gallon.