WASHINGTON, D.C. (October 10, 2024)—The national average for a gallon of gas popped two pennies higher to $3.21 since last week as large swaths of the country deal with severe back-to-back storm damage. Like Hurricane Helene, Milton will not severely impact national gasoline supplies but will affect demand in areas with destroyed infrastructure, flooded roads, and power outages.
Overseas, the tension between Iran and Israel continues, which is causing a slow wobbling in the price of oil but no steady upward movement.
“All this terrible weather lately could cause regional prices to rise as drivers flock to the few open stations with gas,” said Andrew Gross, AAA spokesperson. “But as roads are cleared and power is restored, stations will be able to be re-supplied, so any upward pressure on prices should be fleeting.”
For the complete report, including the latest EIA data, gas and EV charging price trends, and oil market dynamics, please visit: https://gasprices.aaa.com/pump-prices-shift-higher-as-hurricane-milton-wreaks-havoc/