Current:Home > MarketsPort strike may not affect gas, unless its prolonged: See latest average prices by state -ChatGPT 說:
Port strike may not affect gas, unless its prolonged: See latest average prices by state
View
Date:2025-04-24 20:08:45
Update: US port workers and operators reach a deal to end East Coast strike immediately on Oct. 3. Read more.
Some products, like bananas, auto parts and electronics, may become harder to find amid the ongoing union dockworkers strike. However, one area not expected to be impacted is the oil and gas industry – at least not right away.
On Tuesday, 45,000 union workers walked off the job when negotiations for a new contract broke down, effectively shutting down 36 East and Gulf coast ports that, combined, handle about half of all U.S. ocean imports. The decision represented the International Longshoremen's Association (ILA) first strike since 1977.
Because crude oil, gasoline, natural gas and other liquid fuel exports and imports are handled by "other workers," the U.S. Department of Energy said in a statement Tuesday that the strike "will not have any immediate impact on fuel supplies or prices."
The DOE also said it, in coordination with the White House and other government agencies, will "continue partnering with oil and gas companies as well as electricity generators and utilities to monitor operations and supply chains."
"We encourage all parties to come to the bargaining table and negotiate in good faith – fairly and quickly," the agency said.
Products affected by port strike:Which products could be affected by a lengthy port strike? Alcohol, bananas and seafood, to name a few
Experts on gas prices amid port strike:Will gas prices, supplies be affected by the port strike? What experts say
Prolonged strike could impact gas industry, experts say
Experts who spoke to USA TODAY on Wednesday tended to agree with the DOE's assessment under one caveat: that the strike doesn't become prolonged.
Ernie Miller, CEO of Verde Clean Fuels, said fears of a massive spike in oil prices from either the strike or a wider war in the Middle East following Iran's missile strike on Israel may be exaggerated. The United States has something of a "buffer" thanks to an increase in domestic oil production in the last decade, he said.
"We’re in a very different production scenario now versus years ago when we were a net importer," Miller previously said.
While that domestic stockpile may protect from a shortage in the short term, a prolonged strike "could have consequences," said Stephen Schwartz, Wells Fargo managing director of supply chain, trade and channel solutions.
"Oil and gas imports and exports are typically handled by different workers and go through terminals outside the scope of the current port strike, Schwartz said. "However, a protracted strike could have consequences for energy demand in certain sectors such as trucking, rail and bunker fuel used for cargo ships."
States with most expensive gas prices
According to AAA, the top five states with the most expensive average gas prices, as of Thursday, are:
- California: $4.669
- Hawaii: $4.606
- Washington: $4.021
- Nevada: $3.901
- Alaska: $3.658
States with least expensive gas prices
According to AAA, the top five states with the least expensive average gas prices as of Thursday are:
- Mississippi: $2.677
- Tennessee: $2.728
- Louisiana: $2.749
- Alabama: $2.768
- Oklahoma: $2.782
Gas prices by state
Here's a look at the average gas prices by state on Thursday, according to AAA.
The daily national average ($3.190 per gallon) for regular gas is down slightly from the week prior ($3.220) and the month prior (3.325), and sizably lower than the $3.798 mark from a year ago, per AAA data.
Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@gannett.com.
veryGood! (9734)
Related
- Don't let hackers fool you with a 'scam
- US consumer confidence holds steady even as high prices weigh on household budgets
- In the Kansas House, when lobbyists ask for new laws, their names go on the bills
- Raptors' Jontay Porter under NBA investigation for betting irregularities
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Baltimore's Key Bridge collapses after ship hits it; construction crew missing: Live Updates
- Carnival cruise ship catches fire for the second time in 2 years
- The government says to destroy these invasive, fuzzy mud-looking masses. Here's why.
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- How a stolen cat named Dundee brought a wildfire-ravaged community together in Paradise, California
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- These Top-Rated Amazon Deals are Predicted to Sell Out — Shop Them While You Can
- Russia observes national day of mourning as concert hall attack death toll climbs to 137
- Car prices are cooling, but should you buy new or used? Here are pros and cons.
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Alaska governor plans to sign bill aimed at increasing download speeds for rural schools
- Women’s March Madness Monday recap: USC in Sweet 16 for first time in 30 years; Iowa wins
- President Joe Biden wins Missouri Democratic primary
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
'Yellowstone' actor claims he was kicked off plane after refusing to sit next to masked passenger
Woman who set fire to Montgomery church gets 8 years in prison
The long struggle to free Evan Gershkovich from a Moscow prison
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
US prosecutors try to send warning to cryptocurrency world with KuCoin prosecution
TEA Business College leads cutting-edge research on cryptocurrency market
Becky Lynch talks life in a WWE family, why 'it's more fun to be the bad guy'