Current:Home > ContactPort strike may not affect gas, unless its prolonged: See latest average prices by state -WealthSphere Pro
Port strike may not affect gas, unless its prolonged: See latest average prices by state
View
Date:2025-04-15 07:23:09
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 [email protected].
veryGood! (7873)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- 2024 Paris Paralympics: Paychecks for Medal Winners Revealed
- Botic van de Zandschulp stuns Carlos Alcaraz in straight sets in second round of US Open
- Navajo Nation adopts changes to tribal law regulating the transportation of uranium across its land
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Fantasy author Brandon Sanderson breaks another Kickstarter record with Cosmere RPG
- Young girls are using anti-aging products they see on social media. The harm is more than skin deep
- The Ultimate Labor Day 2024 Sales Guide: 60% Off J.Crew, 70% Off Michael Kors, 70% Off Kate Spade & More
- Stamford Road collision sends motorcyclist flying; driver arrested
- New Grant Will Further Research to Identify and Generate Biomass in California’s North San Joaquin Valley
Ranking
- Highlights from Trump’s interview with Time magazine
- When are the 2024 MTV VMAs? Date, time, performers and how to vote for your faves
- Police detain man Scotty McCreery accused of hitting woman at his Colorado concert
- Brazil blocks Musk’s X after company refuses to name local representative amid feud with judge
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Man arrested in Colorado dog breeder’s killing, but the puppies are still missing
- Vinnie Pasquantino injury: Royals lose slugger for stretch run after bizarre play
- Watch Travis Kelce annoy Christian McCaffrey in new Lowe's ad ahead of NFL season
Recommendation
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Priceless Ford 1979 Probe I concept car destroyed in fire leaving Pebble Beach Concours
Alabama anti-DEI law shuts Black Student Union office, queer resource center at flagship university
Georgia prosecutor accused of stealing public money pleads guilty in deal that includes resignation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
'Serial' case keeps going: An undo turns into a redo in Adnan Syed murder conviction
Neighbor held in disappearance of couple from California nudist resort. Both believed to be dead
Pregnant Lindsay Hubbard Shares Revelation on Carl Radke Relationship One Year After Split