Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation’s largest refiners remained closed on Friday, even as Harvey was losing strength.
Major fuel pipelines feeding the Northeast and Midwest have been either closed or severely curtailed, prompting shortages in some areas and dramatic spikes in wholesale prices.
In the Missouri portion of the St. Louis metro area, the average price of regular unleaded was $2.475 a gallon early Friday morning, up nearly 25 cents in the past two days, according to AAA.
Gas prices in the Kansas City area have jumped 13 cents, with the average price for regular gas at $2.29 a gallon in Kansas City on Tuesday, according to AAA.
The Springfield area has also been hit hard. With the average price of gas below $2 per gallon just last month, a jump to an average of $2.31 across the city is just the beginning. Analysts predict prices could rise to as much as $2.50.