Hurricane Season Could Affect Gas Prices

hurricane season could affect gas prices

Hurricane season could be busy in 2024.

Whether you plan on driving your own car this summer or a rental vehicle, pray for a temperate season.

An extremely active hurricane season in the Atlantic Basin could push gasoline to $4 a gallon or more, forecasters say.

Experts at the Energy Information Administration say that gas prices are expected to rise about 10 cents a gallon this summer, anywyay.

Throw in what many meteorologist believe will be a strong hurricane season and it could be volatile at the gas pump, especially since many refineries are located offshore in the Gulf of Mexico.

GasBuddy Head of Petroleum Analysis Patrick De Haan says it’s a game of chance.

"That's why for the month of August our projection is that we could either see prices lower in August if supplies continue to build, or we could see a brief blip. If we do see a major hurricane, it is still possible that the national average could jump close to $4,” he said. “… A major hurricane certainly could impact prices.”

That is not good for the tourist season, and forecasters at Colorado State University and the National Weather Center are predicting a busy hurricane season.

“Any major storm going into the Gulf of Mexico certainly would be bad news,” De Haan said.

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