High gas prices likely to get higher in New England

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August 28, 2012, 1:04 pm
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(NECN: Julie Loncich, Newton, Mass.) - Even though Hurricane Isaac is hundreds of miles away from New England, its effects are being felt here in the form of rising gas prices.

Prices are already jumping. Experts tell us they are only going to jump higher. Even if you just have to top off your tank Tuesday, experts say it’s not a bad idea to make a trip to the gas station.

With supply already down in anticipation of Hurricane Isaac affecting the Gulf Coast region, already high gas prices will likely only climb higher.

According to Triple A, prices have risen an average of 20 cents in the past month here in Massachusetts. More than 20-percent of our gas supply comes from the Gulf region. With a quarter of that production currently suspended, higher prices here are almost as much a certainty as the storm itself.

Experts do not predict any damage to those refineries in the Gulf, as it stands right now.
That closure alone, though, will certainly affect prices this Labor Day weekend.

Tags: Gulf Coast , gas prices, Labor Day Weekend, Julie Loncich, tropical storm isaac, Hurricane Isaac, Refineries
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