Refineries recover from Harvey, but Irma poses new threat, AAA says

Holly Viers • Sep 6, 2017 at 10:00 AM

Although refineries on the Gulf Coast are restoring operations after Hurricane Harvey moved through, gas prices in the Southeast could remain higher than average as Hurricane Irma makes its way toward the East Coast.

“Gas prices are reaching a point where they should begin to plateau,” Mark Jenkins, AAA spokesman, said in a press release. “Wholesale prices are finally showing weakness, which will relieve upward pressure on the retail side. Unfortunately, for motorists in the southeastern U.S., they may not see prices move lower until Hurricane Irma is long gone.”

AAA reports that refineries in Corpus Christi, Houston, Port Charles and Louisiana are beginning to move product again, while operations at Line 1 of Colonial Pipeline’s gas supply line were expected to be fully restored on Tuesday.

Tennessee’s average price for a gallon of gas has risen 40 cents in the past eight days. Monday’s average price of $2.55 per gallon is the highest since July 5, 2015, according to AAA.

The most expensive gas price averages in the state are in Nashville ($2.62), Knoxville ($2.56) and Clarksville-Hopkinsville ($2.53), according to AAA. The least expensive averages are in Memphis ($2.47), the Tri-Cities ($2.50) and Chattanooga ($2.50).

Nationally, the average price for a gallon of gas rose 28 cents in the last 10 days, according to AAA. Monday’s average price of $2.64 per gallon is the highest since August 20, 2015.

To view daily gas price averages, visit www.GasPrices.AAA.com.

Kingsport Times News Videos