Current:Home > MarketsPort strike may not affect gas, unless its prolonged: See latest average prices by state -PrimeFinance
Port strike may not affect gas, unless its prolonged: See latest average prices by state
View
Date:2025-04-11 15:59:34
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! (7264)
Related
- Small twin
- Harvard's admission process is notoriously tough. Here's how the affirmative action ruling may affect that.
- Florida police say they broke up drug ring selling fentanyl and xylazine
- New York’s Giant Pension Fund Doubles Climate-Smart Investment
- Louvre will undergo expansion and restoration project, Macron says
- Titan investigators will try to find out why sub imploded. Here's what they'll do.
- Two Years Ago, Florida Gov. Ron DeSantis Was Praised for Appointing Science and Resilience Officers. Now, Both Posts Are Vacant.
- Sparring Over a ‘Tiny Little Fish,’ a Legendary Biologist Calls President Trump ‘an Ignorant Bully’
- In ‘Nickel Boys,’ striving for a new way to see
- State Department report on chaotic Afghan withdrawal details planning and communications failures
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- New Details Revealed About Wild 'N Out Star Jacky Oh's Final Moments
- U.S. hostage envoy says call from Paul Whelan after Brittney Griner's release was one of the toughest he's ever had
- 10 Days of Climate Extremes: From Record Heat to Wildfires to the One-Two Punch of Hurricane Laura
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Rumer Willis Recalls Breaking Her Own Water While Giving Birth to Baby Girl
- With Only a Week Left in Trump’s Presidency, a Last-Ditch Effort to Block Climate Action and Deny the Science
- Hunter Biden's former business partner was willing to go before a grand jury. He never got the chance.
Recommendation
B.A. Parker is learning the banjo
At Flint Debate, Clinton and Sanders Avoid Talk of Environmental Racism
WHO questions safety of aspartame. Here's a list of popular foods, beverages with the sweetener.
Global Warming Is Worsening China’s Pollution Problems, Studies Show
'We're reborn!' Gazans express joy at returning home to north
In West Texas Where Wind Power Means Jobs, Climate Talk Is Beside the Point
This And Just Like That Star Also Just Learned About Kim Cattrall's Season 2 Cameo
Man with weapons and Jan. 6 warrant arrested after running toward Obamas' D.C. home