Gas prices soar 7 cents overnight with Labor Day around the corn - KCBD NewsChannel 11 Lubbock

Gas prices soar 7 cents overnight with Labor Day around the corner

ADVERTISEMENT
Bookmark and Share

(RNN) -  Gas prices rose by 17 cents in just a week after Harvey's devastating landfall in Texas shuttered several refineries in the Gulf.

Prices rose by 7 cents overnight between Thursday and Friday. The prices could rise even higher going into the Labor Day weekend.

According to AAA, the national average was $2.52 on Friday morning.

As many as 15 refineries were shut down because of the hurricane. According to GasBuddy.com the closed refineries account for roughly 25 percent of U.S. refining capacity.

The largest refinery in the United States, located in Port Arthur, Texas, was among the shuttered. The Saudi-owned Motiva oil refinery is usually responsible for more than 600,000 barrels a day. It could be closed for as long as month.

Sections of the Colonial Pipeline, one of the largest pipeline systems in the country, were shutdown for inspection. Lines west of Lake Charles, Louisiana, were still out-of-commission on Friday morning and not expected to return to service until at least Sunday.

The pipeline provides roughly 40 percent of the Southeast's gasoline.

Harvey is projected to be the costliest natural disaster in U.S. history. According to AccuWeather, the economic impact could amount to $190 billion after all is said and done.

The storm took nearly 25 percent of the Gulf Coast's refining capacity offline.

Roughly one-third of the country's refining capacity is located between Corpus Christi, Texas, and Lake Charles.

Brown dots represent oil wells. Blue dots represent natural gas wells. Black barrels represent oil refineries. Blue flames represent natural gas processing plants. (Source: EIA.gov)

Copyright 2017 Raycom News Network. All rights reserved.

  • National, world weatherWeather and disaster coverageMore>>

  • Campers, bear escape Montana flood as severe weather hits US

    Campers, bear escape Montana flood as severe weather hits US

    Friday, June 22 2018 3:06 AM EDT2018-06-22 07:06:06 GMT
    Sunday, June 24 2018 1:23 AM EDT2018-06-24 05:23:50 GMT
    (Montana Army National Guard via AP). In this photo provided by the Montana Army National Guard, middle school students attending a Bible camp at the Montana Wilderness School of the Bible along the Rocky Mountain Front are guided onto a Chinook helico...(Montana Army National Guard via AP). In this photo provided by the Montana Army National Guard, middle school students attending a Bible camp at the Montana Wilderness School of the Bible along the Rocky Mountain Front are guided onto a Chinook helico...
    Helicopters have rescued people stranded by flooding in Texas and Montana, including 140 children and counselors stuck in a mountain bible camp for two days.
    Helicopters have rescued people stranded by flooding in Texas and Montana, including 140 children and counselors stuck in a mountain bible camp for two days.
  • California utility expects to pay $2.5 billion for wildfires

    California utility expects to pay $2.5 billion for wildfires

    Friday, June 22 2018 12:53 AM EDT2018-06-22 04:53:27 GMT
    Saturday, June 23 2018 8:04 PM EDT2018-06-24 00:04:01 GMT
    (AP Photo/Jeff Chiu, File). FILE - In this Oct. 9, 2017, file photo, a firefighter walks near a flaming house in Santa Rosa, Calif. A Northern California utility says it will take a $2.5 billion charge for expected losses in connection with deadly wild...(AP Photo/Jeff Chiu, File). FILE - In this Oct. 9, 2017, file photo, a firefighter walks near a flaming house in Santa Rosa, Calif. A Northern California utility says it will take a $2.5 billion charge for expected losses in connection with deadly wild...
    A Northern California utility says it expects to pay at least $2.5 billion in connection with deadly wildfires that whipped through wine country last October.
    A Northern California utility says it expects to pay at least $2.5 billion in connection with deadly wildfires that whipped through wine country last October.
  • Death, washed-out roads amid flooding in Upper Midwest

    Death, washed-out roads amid flooding in Upper Midwest

    Monday, June 18 2018 4:00 PM EDT2018-06-18 20:00:18 GMT
    Thursday, June 21 2018 11:58 PM EDT2018-06-22 03:58:14 GMT
    (Carlton County Sheriff’s Office via AP). This photo provided by the Carlton County Sheriff’s Office shows damage to Highway 23, southwest of Duluth, Minn., Sunday, June 17, 2018. Lines of thunderstorms crawled across northern Minnesota and northern Wi...(Carlton County Sheriff’s Office via AP). This photo provided by the Carlton County Sheriff’s Office shows damage to Highway 23, southwest of Duluth, Minn., Sunday, June 17, 2018. Lines of thunderstorms crawled across northern Minnesota and northern Wi...
    Widespread flooding in parts of northern Wisconsin blamed for at least one death.
    Widespread flooding in parts of northern Wisconsin blamed for at least one death.
  • Cleanup begins after AlbertoHurricane season 2018More>>

  • How do you count deaths from a hurricane?

    How do you count deaths from a hurricane?

    Tuesday, June 12 2018 6:37 PM EDT2018-06-12 22:37:10 GMT
    Friday, June 15 2018 1:21 PM EDT2018-06-15 17:21:30 GMT
    (AP Photo/Ramon Espinosa). FILE - In this Friday, June 1, 2018 file photo, a child shines a light on hundreds of shoes at a memorial for those killed by Hurricane Maria, in front of the Puerto Rico Capitol in San Juan. In June 2018, two bills were intr...(AP Photo/Ramon Espinosa). FILE - In this Friday, June 1, 2018 file photo, a child shines a light on hundreds of shoes at a memorial for those killed by Hurricane Maria, in front of the Puerto Rico Capitol in San Juan. In June 2018, two bills were intr...
    Puerto Rico's hurricane death count revives debate about how to count disaster-related deaths.
    Puerto Rico's hurricane death count revives debate about how to count disaster-related deaths.
  • Puerto Rico issues new data on Hurricane Maria deaths

    Puerto Rico issues new data on Hurricane Maria deaths

    Tuesday, June 12 2018 5:46 PM EDT2018-06-12 21:46:27 GMT
    Thursday, June 14 2018 8:50 PM EDT2018-06-15 00:50:17 GMT
    (AP Photo/Carlos Giusti). Nerybelle Perez poses with a portrait of her father, World War II veteran Efrain Perez, who died inside an ambulance after being turned away from the largest public hospital when it had no electricity or water, days after Hurr...(AP Photo/Carlos Giusti). Nerybelle Perez poses with a portrait of her father, World War II veteran Efrain Perez, who died inside an ambulance after being turned away from the largest public hospital when it had no electricity or water, days after Hurr...
    Puerto Rico requests more time, issues only a portion of data related to all deaths reported after Hurricane Maria amid outcry.
    Puerto Rico requests more time, issues only a portion of data related to all deaths reported after Hurricane Maria amid outcry.
  • Puerto Rican Day Parade displays post-hurricane pride

    Puerto Rican Day Parade displays post-hurricane pride

    Sunday, June 10 2018 2:32 PM EDT2018-06-10 18:32:52 GMT
    Monday, June 11 2018 8:58 AM EDT2018-06-11 12:58:14 GMT
    (AP Photo/Andres Kudacki). FILE - In this June 11, 2017 file photo, a man rolls on a hover-board along Fifth Avenue during the National Puerto Rican Day Parade in New York.  Amid all the fun and celebration planned for this years parade on Sunday, June...(AP Photo/Andres Kudacki). FILE - In this June 11, 2017 file photo, a man rolls on a hover-board along Fifth Avenue during the National Puerto Rican Day Parade in New York. Amid all the fun and celebration planned for this years parade on Sunday, June...
    The National Puerto Rican Parade has kicked off in New York City with participants honoring heroes who have been helping the island recover from the devastation of Hurricane Maria.
    The National Puerto Rican Parade has kicked off in New York City with participants honoring heroes who have been helping the island recover from the devastation of Hurricane Maria.
  • More storiesMore>>

  • Warming drives spread of toxic algae in US, researchers say

    Warming drives spread of toxic algae in US, researchers say

    Friday, June 22 2018 3:04 AM EDT2018-06-22 07:04:23 GMT
    Sunday, June 24 2018 1:05 AM EDT2018-06-24 05:05:17 GMT
    (Rick Egan/The Salt Lake Tribune via AP, File). FILE - In this June 12, 2018, file photo, a potentially toxic blue-green algae bloom in Provo Bay in Provo, Utah. Researchers and officials across the country say increasingly frequent toxic algae blooms ...(Rick Egan/The Salt Lake Tribune via AP, File). FILE - In this June 12, 2018, file photo, a potentially toxic blue-green algae bloom in Provo Bay in Provo, Utah. Researchers and officials across the country say increasingly frequent toxic algae blooms ...
    Toxic algae blooms are happening more often and lasting longer, including in drinking water reservoirs, and officials and scientists link their spread to climate change.
    Toxic algae blooms are happening more often and lasting longer, including in drinking water reservoirs, and officials and scientists link their spread to climate change.
  • 5.3 magnitude explosion rattles Hawaii Island; no tsunami generated

    5.3 magnitude explosion rattles Hawaii Island; no tsunami generated

    Sunday, June 24 2018 12:18 AM EDT2018-06-24 04:18:48 GMT

    In lower Puna, a bizarre new normal has set in.

    In lower Puna, a bizarre new normal has set in.

  • Trump scraps Obama policy on protecting oceans, Great Lakes

    Trump scraps Obama policy on protecting oceans, Great Lakes

    Friday, June 22 2018 6:09 AM EDT2018-06-22 10:09:35 GMT
    Saturday, June 23 2018 7:43 PM EDT2018-06-23 23:43:46 GMT
    President Donald Trump is throwing out a policy devised by his predecessor for protecting U.S. oceans and the Great Lakes, replacing it with a new approach that emphasizes use of the waters to promote economic growth. (Source: CNN)President Donald Trump is throwing out a policy devised by his predecessor for protecting U.S. oceans and the Great Lakes, replacing it with a new approach that emphasizes use of the waters to promote economic growth. (Source: CNN)

    President Donald Trump is throwing out a policy devised by his predecessor for protecting U.S. oceans and the Great Lakes, replacing it with a new approach that emphasizes use of the waters to promote economic growth.

    President Donald Trump is throwing out a policy devised by his predecessor for protecting U.S. oceans and the Great Lakes, replacing it with a new approach that emphasizes use of the waters to promote economic growth.

Powered by Frankly