In the aftermath of Hurricane Harvey in the Texas Gulf Coast and Hurricane Irma, which we felt a little affect from, naturally gas prices rise.
The reality is Harvey, causing gas prices to spike, affected oil production in Texas and Louisiana as refineries shut down.
Fortunately, we haven’t faced a gasoline shortage. Still, it’s disheartening when others try to take advantage during dark times in our country.
Gov. Kay Ivey declared a State of Emergency to prevent gas price gouging following Hurricane Harvey. Ivey made her decision as gas prices began rising.
Gas prices this week are 59 cents higher than this time a year ago, according to gasbuddy.com. A year ago, we were paying under $2 per gallon, while today it’s around $2.49 per gallon.
Unfortunately, the impact on rising gas prices usually outlives a storm.
The reality, too, is sometimes we have ourselves to blame. Rumors and panic, along with misinformation on social media, causes us to pay higher prices at the pump.
It appears everything is settling down now. Hopefully, we will see gas prices recede back to what we were paying before.