logo

November Issue

Current Issue
November 2017

The inaugural veteran-owned businesses list, Upstart Startups, luxury real estate, professional development and more. Purchase your copy or subscribe to BNH today.

Events

Made in New England Expo
December 9 - 10, 2017
 
NH Futurecast: 2018
January 25, 2018
8:00 am - 10:00 am
More Events >>

Newsletter Signup

Sign up for email updates for when the new magazine comes out.

@BusinessNHmag

News

NH Fuel Prices Escalating
 
Published Wednesday, September 6, 2017

Average retail gasoline prices in New Hampshire have risen 37.4 cents per gallon in the past week, averaging $2.68 per gallon over the weekend, according to GasBuddy's daily survey of 875 gas
outlets in the state. This compares with the national average that has increased 23.8 cents per gallon in the last week to $2.64 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in NH during the past week, prices yesterday were 54.1 cents per gallon higher than the same day one year ago and are 38 cents per gallon higher than a month ago. The national average has increased 29.8 cents per gallon during the last month and stands 44.5 cents per gallon higher than this day one year ago.

According to GasBuddy's historical data, gasoline prices on September 5 in NH have ranged widely over the last five years: $2.13/g in 2016, $2.30/g in 2015, $3.44/g in 2014, $3.63/g in 2013 and $3.75/g in 2012.

"Thanks to Harvey shutting down an extensive amount of refining capacity, the national average gasoline price saw its largest weekly jump since Katrina hit the Gulf Coast in 2005 when the national average jumped 49 cents in a week. Every state has seen average gas prices rise, Texas saw shortages at hundreds of stations, it's been one of the most challenging weeks faced in years," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "Until Texas can recover from Harvey, gasoline prices will likely continue to remain elevated. The situation is beginning to look up, with many refineries either back online or in the process, and gasoline production is ramping back up. While it may be weeks or longer before all refineries are back online, we now turn our attention to Hurricane Irma. With the Colonial Pipeline having shut down last week due to a lack of products, Florida and the Southeast and Mid-Atlantic may be a touch and go area for gasoline. Products are flowing to the region, but
we'll have to keep a close on the storm, as Irma's path continues to be updated. GasBuddy has expanded our emergency gas availability tracker to Florida, Georgia, the Carolinas and we are prepared to again expand coverage in case motorists need help finding gas in other areas. Much remains in the air, but the situation promises to be challenging if Irma threatens the U.S. mainland."

For fuel price averages, visit FuelInsights.GasBuddy.com.

GasBuddy is a technology company that helps more than 70 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website provided crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services.


Send this page to a friend

Show Other Stories