Hurricanes Surge Gas Prices

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According to Gasbuddy, the national average gasoline price saw its largest weekly jump since Hurricane Katrina hit in 2005, and with Hurricane Irma on the way to the U.S., those prices could keep climbing.

Just before Hurricane Harvey made landfall in Texas, Gasbuddy showed the average price per gallon in Arkansas was about $2.09. Initially, we didn’t see much of a change in price here in Northwest Arkansas. On August 27th, we saw a slight rise as prices climbed to $2.11 per gallon, but we’re really seeing prices soar over the past few days. As of Labor Day, the average gas price in the Natural State is now $2.39 per gallon.

An important note, Arkansas’ average gas price falls below the national average. Currently, the national average sits at about $2.64 per gallon. Across the country, the average price jumped about $0.49 in the last week.

With Hurricane Irma on the way to Florida, that could affect several oil rigs in the Gulf of Mexico, so we could see prices continue to climb.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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