Gas Prices

Rinse and Repeat – Will Another Hurricane Enter the Gulf?

By: Andrew Gross

gas prices keep rising, says AAA

WASHINGTON, D.C. (November 14, 2024)—The national average for a gallon of gas is now less than a dime away from dipping below $3 for the first time since May of 2021. But the possible formation of a new hurricane in the Gulf of Mexico could delay or even temporarily reverse the decline in pump prices. Since last week, the national average dropped two cents to $3.08.

“Hurricane Rafael fizzled out, but now we are facing the possible formation of Hurricane Sara,” said Andrew Gross, AAA spokesperson. “Some of the early tracking models have her heading toward Florida by the middle of next week, so stay tuned.”

AAA tracks the average kilowatt-per-hour cost for all levels of public charging by state. Today’s national average for a kilowatt of electricity at a public charging station stayed at 34 cents.

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/rinse-and-repeat-will-another-hurricane-enter-the-gulf/