You'll Likely See Gas Prices Rise Even Before Harvey Reaches the Texas Coast

Hurricane Harvey could cause U.S. gasoline prices to rise, with the storm expected to hit a refinery-rich stretch of the Gulf Coast that accounts for half of the nation's refining capacity.Some refineries are expected to shut down until the storm passes, possibly disrupting gasoline supplies.Wholesale gasoline futures rose Thursday by 5 cents, or 3 percent, to $1.66 per gallon. Experts predict that'll quickly show up on service-station signs.Patrick DeHaan, an analyst with GasBuddy, told the Associated Press that Harvey could show up in retail prices as early as Thursday night. But he says doesn't expect it will have as much impact as some past storms, such as Hurricane Katrina in 2005, which caused a 40-cent jump overnight.  Continue reading...