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Hurricane Harvey Could Hurt Gas Prices Here in Idaho

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While the destruction in Texas may feel like it’s worlds away, we could be feeling the effects right here in the Gem State.

Disclaimer: This blog is no way insinuating that gas prices rising in Idaho is in any way comparable to the record-setting disaster in Texas. We’re simply informing you of why you may see a change at the gas pump.

AAA has confirmed that 25% of production refineries in the Gulf Coast have been shut down due to the severity of Hurricane Harvey. To put that in perspective, that equates to about 2,500,000 barrels a day that aren’t being produced. Daily.

Matthew Conde, Director of Public and Government Affairs, explains how that affects gas prices here in Idaho:

We’ve already seen a 21 cent increase just since the start of this month, now going into Labor Day, as demand continues to increase, if supply stays tight in other places we certainly could see a price increase here in Idaho, it’ll just be a ripple effect that spreads across the country depending on how fast that recovery happens.

To date, gas prices are up $0.29 cents from last year at this time.

If you’re wondering what you can do to help those affected by the terrible storm in Texas, click here.

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