If you need to fill up your car, you had better do it soon. Gas prices in Ohio are about to increase because of flooding caused by Hurricane Harvey in the Gulf Coast.
The Ohio AAA’s Kimberly Schwind said some production has been halted or interrupted at some of the major refineries in Texas, due to flooding and other destruction from Hurricane Harvey.
And as for oil being purchased now for sales at the pump in the near future, she explained the price of gas is ready to spike just in time for the Labor Day holiday weekend.
“When you look at the spot prices in the Chicago market, which we are tied to here in Ohio, they’re already indicating we could see prices up near that $2.50 a gallon mark," Schwind says.
Schwind said the extent of damage or interruption will determine future prices. And she predicted, if refineries are able to restore operations soon, prices should adjust again in mid to late September.
