Harvey's impact at the gas pump

The average price for a gallon of unleaded Monday morning across the country is $2.36. More than 100 drilling platforms were evacuated and rigs were closed down as Harvey came roaring across the area.

Along the Gulf Coast, 45% of US oil refineries are located in Texas and Louisiana.

Each penny increase in wholesale gasoline prices results in the nation paying about $4 million more per day.

Analysts say they'll likely rise further in the wake of Harvey and its impact on Gulf oil production.

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But Jenkins said the impact on your wallet shouldn't be too dramatic. That's 3 cents per gallon lower than the national average but 14 cents higher than it was in Rhode Island a year ago.

In Maine, the average price was $2.36 per gallon, up 1.1 cents from the previous week. "It's going to be really hard to pinpoint because we don't know the damage". That holds true for Texas and the state's Gulf Coast, which may see the highest price increases given their dependence on the refineries forced to shut down, she said.

Drivers shouldn't expect the pain at the pump to go away anytime soon, even if the rainfall ceases in Texas. It's unclear how bad the damage to facilities along the state's Gulf Coast but preliminary signs indicate widespread losses, which will have big implications for the US economy and oil and gas prices.

The temporary shutdown of refineries in Texas because of Hurricane Harvey already has prompted wholesale gas prices to rise almost 10 cents per gallon, according to GasBuddy. Tuesdays are recommended for "topping off" because while prices are not the cheapest, they're still usually pretty good. Brazoria had an outlet selling fuel for $1.89, with $1.90 available in San Antonio and $1.91 gasoline at Selma, Universal City, San Antonio and Stephenville.


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