Saturday, June 16, 2018
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Gas prices likely to remain high as Floridians face Hurricane Irma

Hurricane Harvey may have passed, but Florida motorists are still feeling the residual wallet pinch.

Tampa Bay gas prices shot up 37 cents over the week to average at $2.65 per gallon, the highest prices on record since July 2015. According to AAA, the Auto Club Group, gas prices in Florida jumped 33 cents over the past six days to $2.64 for a gallon of regular gasoline. National gas prices were the highest for Labor Day that AAA has seen in three years, the firm said in a press release. The national average is $2.64 per gallon.

"Until Texas can recover from Harvey, gasoline prices will likely continue to remain elevated," said Patrick DeHaan, senior petroleum analyst for the gas prices tracking website, GasBuddy.com, in a statement.

AAA analysts expect prices to plateau but remain fairly high until Hurricane Irma passes.

Related Coverage: Hurricane Irma strengthens into Category 5 storm with 175 mph winds

"Wholesale prices are finally showing weakness, which will relieve upward pressure on the retail side," Mark Jekins, AAA spokesperson, said in a release. "Unfortunately, for motorists in the southeastern U.S., they may not see prices move lower until Hurricane Irma is long gone."

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