Hurricane Florence Left Minimal Impact on Cary Gas Prices
September 20, 2018
Cary, NC – Right before Hurricane Florence hit, Cary residents saw long lines of cars waiting to stock up on gasoline. But now that the hurricane has passed, fuel supplies and prices look stable despite the historic rainfall.
Steady Prices So Far
Despite Hurricane Florence dropping more than eight trillion gallons of rain on North Carolina – the wettest hurricane in state history – Triangle gas prices are almost identical to where they were a month ago: $2.68 per gallon. Compare this to last year’s winter storms and Hurricane Harvey, which led to price increases of more than 10 cents for weeks after the storms hit and passed.
There are a few factors to explain why. For one, Cary was not impacted nearly as much as other coastal towns and cities. In Wilmington, average gas prices are up nearly three cents since last week. But even for a town that was battered by Hurricane Florence as much as Wilmington was, this is still a relatively small increase in gas prices compared to past storms.
A larger factor seems to be the hurricane’s impact on the fuel supply itself. Recent hurricanes that led to significant gasoline price spikes hit the Gulf of Mexico, which has a number of different refineries. North Carolina mainly has pipelines and terminals (Wilmington has one of these terminals) which were not significantly disrupted by Hurricane Florence...
Read entire article at CaryCitizen.
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