Gas prices are still on the rise more than a week after Hurricane Harvey knocked about one quarter of the Gulf Coast's oil refining capacity offline.
The national average for a gallon of regular gas rose from $2.45 Thursday to $2.62 Sunday, the American Automobile Association (AAA) reported.
The average price of a gallon of gas has soared by at least .10 cents in the following states since Harvey hit: South Carolina, Delaware, Kentucky, Georgia, Missouri, North Carolina, Maryland, Alabama, Kansas, Mississippi, Oklahoma, Tennessee, West Virginia, Arakasas, Iowa, Michigan, Texas and Virginia.
U.S. gas prices just surpassed $2.60 gal and may rise 5-15cts gal more in next 72 hours. The most worrisome areas: Eastern Seaboard & Tenn.— Tom Kloza (@TomKloza) September 2, 2017
The spike is, in part, due to numerous refinery and pipeline shutdowns, as well as increase in demand over Labor Day weekend. Tom Kloza, chief oil analyst for the Oil Price Information Service, tweeted Sunday, saying the Colonial Pipeline won't get gas from Texas refineries until Tuesday at the earliest, creating a "touch-and-go" situation in terms of supply along the East Coast.
Colonial Pipeline spokesman Steve Baker told the Associated Press on Thursday that the company hopes to return more sections of the pipeline to service by Sunday.
Colonial Pipeline won't get gasoline from TX refiners until Tuesday at earliest. Eastern Seaboard still very much touch-and-go with supply.— Tom Kloza (@TomKloza) September 3, 2017
But experts don't expect this spike to last too long.
“Consumers will see a short-term spike in the coming weeks with gas prices likely topping $2.50/gal, but quickly dropping by mid to late September,” said Jeanette Casselano, AAA spokesperson. “AAA does not expect refineries to be offline for months, as early reports indicate minimal to no significant damage to Corpus Christi and Houston refineries.”
Analysts, however, are cautioning drivers not to panic as some stations run low on gas. Patrick DeHaan, an analyst with GasBuddy.com, said by hoarding gas consumers will only drive the prices higher.
The Associated Press contributed to this report.