FAYETTE CO., WV (WOAY / AP) – Gas prices are on the rise thanks to Harvey.
The nation’s largest refining hub is along the Texas coast, right where Harvey hit late last week.
It could take two weeks or even longer for refineries in that area to recover from the record-setting deluge of rain. That assumes they didn’t suffer major damage, which is still unknown.
Here in Southern West Virginia, regular unleaded prices started the week at $2.39 a gallon. Today, many stations are at $2.54. One Exxon in Fayette County was spotted at $2.64.
Meanwhile, Energy Secretary Rick Perry says he’s releasing 500,000 barrels of crude oil from an emergency stockpile in a bid to prevent gasoline prices from spiking in the wake of disruptions caused by Harvey.
Perry says he’s authorized immediate shipments of crude to the Phillips 66 refinery in Lake Charles, Louisiana. He says the Energy Department will review other requests for oil from the Strategic Petroleum Reserve, an emergency stockpile that guards against supply disruptions.
The petroleum reserve was created in the wake of the 1970s Arab oil embargo. The reserve stores oil at four underground sites in Texas and Louisiana.