If you haven’t filled up yet, now may be a good time to do it. Although gas prices are currently comfortably low, CNN Money is predicting a jump in prices as a result of Hurricane Harvey, the Category 4 hurricane currently bearing down on the Texas coast.
CNN Money reported on Thursday that platforms and rigs were already shutting down in anticipation of the storm. Gas prices were up slightly, but could go up more depending on the damage and how long repairs take. The Energy Information Administration has said that the Gulf Coast accounts for 17 percent of total U.S. crude oil production and 45 percent of total U.S. petroleum refining.
According to Gasbuddy.com, on Friday the cheapest gas in Loganville could be found at the Citgo at 704 Athens Highway where it was going for $2.19 a gallon. If you’re in the Monroe area, you may want to fill up there. According to Gasbuddy.com, Murphy USA at 2040 W Spring St. has it for $2.12 a gallon. Social Circle, however, is a little on the high end already with Maverick at the Hub on US 278 registering the lowest price at $2.27 a gallon.
Texas, however, is bearing the brunt of what officials are calling Hurricane Harvey a “life-threatening storm.” Evacuation orders have been issued and the next 24 hours are critical to our neighbors out west.