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Hurricane Isaac Could Cause Raise In The Price Of Gas

August 31st, 2012 by WCBC Radio

The damage in the Gulf from Tropical Storm and Hurricane Isaac could add 5 to 15 cents a gallon to the cost at the pump in Maryland. And that could happen by the middle of next week. Industry analyst Patrick DeHaan of told WBAL that the price of gasoline in Baltimore could hit $3.85 next week as oil companies assess damage and then start repairs of which costs are passed on to the consumers. Wholesale gas prices have already shown a steep increase from the storm.  DeHaan said the main problem is from massive power outages in Louisiana. Oil companies will be assessing damage on the offshore rigs and other infrastructure as the storm continues to move away. Current price for regular is currently just under 3.78 a gallon.

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