By the time you wake up tomorrow, the price of gas could make you do a double-take. Today, several Texas oil refineries shut down.
If you need gas, prices are still stable for now. So, you'd better go to the station while you can.
As for tomorrow, the price of gas will be a little different than the norm. Quartz reports that prices are already up $0.11 since this morning.
The source states that 20 percent of the Gulf Coast's oil production shut down on August 31. To elaborate further, it reports on research firm IHS Markit as follows.
And roughly 30 percent of the country’s refining capacity was off, running at reduced rates, or at risk of being either of those.
Why are gas prices about to go crazy?...
Well, according to Quartz, the Colonial Pipeline is responsible for shipping fuel from the Gulf Coast to New York. And today, the pipeline was "out of service" due to the destructive aftermath of Hurricane Harvey.
Likewise, the Port of Houston imports and exports large amounts of oil and gas. It, too, was closed.
So, yeah. By all means, if you want to avoid paying spiked gas prices on tomorrow, you need to get out and make it happen today.
And just so you know, "tomorrow" isn't a figure of speech. We mean it, literally.
All in all, if you have any comments about the rising price of gas, feel free to share them below. And please spread the word by sharing this article with as many people as possible.
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