Home Local News HURRICANE HARVEY EXPECTED TO CAUSE RISE IN GAS PRICES

HURRICANE HARVEY EXPECTED TO CAUSE RISE IN GAS PRICES

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One analyst predicts gasoline prices in Iowa could rise between ten and 25-cents a gallon over the next week or two because of Hurricane Harvey.

Gail Weinholzer, spokeswoman for Triple-A-Iowa, says oil rigs in the Gulf of Mexico were shut down as a precaution as the massive storm approached and they’ll reopen soon.

The problem is — the historic storm is still causing big troubles inland.

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The significant disruption to those key oil producing areas will be felt far away, even in Iowa.

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Gas prices in Iowa are now averaging two-dollars and 30-cents a gallon while nationwide, it’s two-37 a gallon.

Prices in Sioux City have already jumped around 10 to 15 cents a gallon in the last week.

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While the storm’s impact won’t be as devastating as Hurricane Katrina 12 years ago, it will still likely affect gas prices into mid- or late September.

Radio Iowa