Current:Home > ContactPort strike may not affect gas, unless its prolonged: See latest average prices by state -EliteFunds
Port strike may not affect gas, unless its prolonged: See latest average prices by state
View
Date:2025-04-17 06:19:00
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! (84429)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- More searching planned at a Florida Air Force base where 121 potential Black grave sites were found
- Jimmie Johnson, crew chief Chad Knaus join Donnie Allison in NASCAR Hall of Fame
- Trump’s attorney renews call for mistrial in defamation case brought by writer in sex-abuse case
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Over 500,000 Home Design beds recalled over risk of breaking, collapsing during use
- David Oyelowo talks MLK, Role Play, and how to impress an old crush
- Trawler crashed on rocks off after crew member fell asleep, boat’s owner says
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Alec Baldwin indicted on involuntary manslaughter charge again in 'Rust' shooting
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- California officials warn people to not eat raw oysters from Mexico which may be linked to norovirus
- Ancient sword with possible Viking origins and a mysterious inscription found in Polish river
- Inside Kylie Jenner and Timothée Chalamet's Very Public Yet Private Romance
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Texas couple buys suspect's car to investigate their daughter's mysterious death
- Holly Madison Reveals Why Girls Next Door Is Triggering to Her
- Sports Illustrated lays off most or all of its workers, union says
Recommendation
What to watch: O Jolie night
Why Jillian Michaels Is Predicting a Massive Fallout From Ozempic Craze
The Packers visit the 49ers for record-setting 10th playoff matchup
Real Housewives of New Jersey Star Melissa Gorga Shares Cozy Essentials To Warm Up Your Winter
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Islanders fire coach Lane Lambert, replace him with Patrick Roy
Grand jury seated Friday to consider criminal charges against officers in Uvalde school shooting
A Hindu temple built atop a razed mosque in India is helping Modi boost his political standing