Nebraskans can expect a bump in gas prices due to Tropical Storm Harvey. Refineries in Houston produce about 25-percent of the nation’s crude oil and the storm also knocked out about one-fourth of oil production in the Gulf of Mexico. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says it is going to be a mess there for quite some time.
DeHaan says, “First of all it will probably take those refineries a few weeks and then they have to start getting their shipping logistics sorted back out. It is kind of a tangled web right now. There are some pipelines that are down, some that are up and a lot of stations, at least in Texas, are probably going to run low on gas in the time this is all happening.”
DeHaan says gas prices in Nebraska could go up between 5-cents and 15-cents a gallon in the wake of the storm. DeHaan says this event will run its course and there are two other issues putting downward pressure on gas prices. The first being the end of the summer driving season after Labor Day and second is the switch to cheaper winter blend fuels on September 16th.