Local News


Las Vegas should feel minimal effects from possible Harvey gas price increase

Posted at 12:53 PM, Aug 29, 2017
and last updated 2017-08-29 22:15:29-04

Hurricane Harvey bearing down on Texas is impacting gas prices across the country.

Right now, 10 oil refineries that are usually up and running are shut down, and experts don't know when they will reopen. That has a direct impact gas stations across the country. This happened in 2005 with Hurricane Katrina.

Here's the good news. Experts don't think consumers are going to see anything that dramatic, but there still could be an increase. According to AAA, the national average price for a gallon of gas could increase between 5 and 15 cents.

In Las Vegas, there are a few things going for us. The majority of our gasoline comes from California and Utah.

The other thing we have going for us is timing, being just a few days away from a holiday weekend. That means people will be filling up and hitting the road, so oil production has been increasing to meet that demand. That should help off-set the production that stopped with the refineries closing.

To be on the safe side, AAA is recommending people fill up their gas tanks before Labor Day. Prices are expected to increase before the holiday weekend.