HARTFORD, CT (WFSB) - Drivers are being warned to brace for higher gas prices in the coming days and months.

GasBuddy blamed the effects that a stretch of extremely cold weather has had on refineries across the country.

GasBuddy said millions of barrels of refining capacity went offline because of the extreme cold in the south. Gas demand has also been trying to recover from the COVID-19 pandemic.

It predicted a jump of 10 to 20 cents per gallon from the current national average of $2.54 over the next two weeks.

The national average could rise to $2.65-$2.75 per gallon, resulting in the highest prices since 2019 and the highest seasonal prices in over five years. 

“The quicker the affected refineries are able to come back online, the better, and perhaps less painful for motorists than if they remain out of service for even longer,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices have continued to rally as global oil demand recovers from the worst of the COVID-19 pandemic, and now the extreme cold weather shutting refineries down, us motorists just can’t seem to catch a break. We probably won’t see much, if any relief, anytime soon.”

Eleven refineries in Texas and one in Kansas at least partially shut down to the weather, GasBuddy reported. Unlike refineries in the north, those in the south are not equipped to handle historically low temperatures.

GasBuddy calculations showed 3.48 million barrels of refining capacity were offline as of midday Tuesday, or nearly 20 percent of total U.S. refining capacity, just under the amount shut down due to Hurricane Harvey in 2017. Every day that these refineries are not operating, the country consumes more gasoline than it produces.

Then, as the warmer months arrive, refineries will have to switch over to the cleaner summer blend of fuels. That could push the average price per gallon to over $3.

Copyright 2021 WFSB (Meredith Corporation). All rights reserved.

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(23) comments

Verdad

If you are out here writing some stupid comment about Biden that is silly. There are much easier ways to admit that you didn't understand the article you didn't read.

Shall Not Be Infringed

Great job sleepy Joe, aka Mr. Potato Head. You dope.

Verdad

Did you have point?

Taxpayer

Since Biden has been President, Oil has gone up $10 a barrel. This started as soon as Biden's EO were signed. Cold may be responsible for 2 dollars of the increase up to now. 8 dollars is on Joe and it won't stop going up. Reap what you sow America.

ColonMcEnroe

Exactly. Thanks alot dumbocraps.

Verdad

Reaping what you sow? Is that anything like when you elect a clown for four years that results in that clown inciting an armed insurrection? 1/6/21 will not be forgotten.

gothelittle

Oh, isn't that the armed insurrection he incited a half hour later by saying in a speech held two miles away that they need to march peacefully to the Capitol and cheer for the House Representatives? The armed insurrection where the only person who got shot was an unarmed woman, and the shooter was a member of the Capitol Police? What exactly do you call the riot that happened during Trump's inauguration, when a historic church was set on fire and over 200 people were arrested?

Verdad

Weak deflection. 1/6/21 happened. It did not happen in a vacuum son. It was based on a lie about the election. A lie that was propagated by the former President and some Republican members of Congress. Political violence is not acceptable by any people or party. This should not be difficult to understand. Why is it so difficult to acknowledge that it happened and it is wrong? Did you lose your moral compass? No amount of deflection of denial will change what happened. This level of idiocy is what happens when you choose to get married to a political party. That is your choice. Best of luck.

Verdad

You could have just said that you don't understand. Commodity markets are more complicated than you could fathom. Keep playing that red vs blue game you simpleton.

ColonMcEnroe

Lie about the election? You mean like this? https://www.yahoo.com/now/hillary-clinton-maintains-2016-election-160716779.html LMFAO! Typical dumbocrap. This level of idiocy is what happens when you choose to get married to a plitical party. That is your choice. The goose stepping leftist socialist dumbocraps hate it when we take a page from their playbook. VERDAD!

Verdad

Tucker Hawley and the false equivalence. If you find your self bringing up HRC in any way, You have lost the argument. 2016 is so.......2016. Hop on a plane and fly back to 2021 ok?

Shall Not Be Infringed

Gee, who'd have thought. The potato in chief shuts down all domestic oil and opec has a field day on the US. Welkom to za next level uf za Obumble legacy.

Verdad

Well thought out thought proving commentary.

Verdad

GasBuddy said millions of barrels of refining capacity went offline because of the extreme cold in the south. Gas demand has also been trying to recover from the COVID-19 pandemic.

Dan7543

There is clear evidence that the cold weather is causing this. However, there will be a subset of people that believe that Biden is the cause. The president isn't responsible for gas prices, people.

Taxpayer

This one is.

Verdad

GasBuddy said millions of barrels of refining capacity went offline because of the extreme cold in the south. Gas demand has also been trying to recover from the COVID-19 pandemic.

Nailbiter 0303

I strongly believe you are correct, Dan7543. Another thing to consider is the economic principle of supply & demand. Per AAA report, gas was $2.60 a gallon Feb. 2020. During lockdown, it went to below $1.90 in some places. Now, nearly everyone is back driving, so prices are back up.

ColonMcEnroe

Yeah, keep drinking that dumbocrap kool-aid.

gothelittle

The cold weather is currently causing this. However, there are concerns about Biden's cancellation of the pipeline already in progress, killing tons of jobs and forcing us to continue using more polluting methods to bring the oil in and buying more oil from countries that hate us, and leaving the Native American tribes who were going to benefit from this project in poverty. Even if it has had no effect on gas prices via speculation yet, his energy policies are going to result in their own damage done... and gas prices were rising as a response even before the cold weather.

Brian C. Duffy

The "tons" of jobs don't exist. The 11,000 mentioned frequently are estimates of future positions - all temporary, most less than a year, spread out over 5 years.

Verdad

Can you elaborate on the energy policy that you are referring to? What methods of oil extraction don't result in land, air, and water pollution?

Verdad

joebiden.com/climate

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