US gas prices expected to rise as Harvey forces Gulf coast refineries to close
by Debbie Carlson from on (#30GXF)
- Gasoline futures up by 5%, their highest price since July 2015
- Shutdown along Texas's Gulf coast means prices at the pumps likely to rise
- Tropical storm Harvey - follow the latest updates
US gasoline prices have increased to a two-year high as crude oil refineries along the Texas Gulf coast shuttered in the wake of Hurricane Harvey.
Prices at the pump are expected to rise after gasoline futures - the wholesale prices charged to gas stations - increased 5% early Monday, to their highest prices since July 2015.
Related: It's a fact: climate change made Hurricane Harvey more deadly | Michael E Mann
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