Transcript for Harvey has caused an instant spike in gas prices nationwide
Next tonight, the devastation in Texas causing an instant spike in gas prices nationwide. The largest refinery in the U.S. Shutting down. Drivers already paying more for gas, heading into the last weekend of summer. Here's ABC's chief business correspondent, Rebecca Jarvis. Reporter: Tonight with much of the country's energy complex underwater, the ripple effect. From coast to coast, gasoline prices rising and set to spike further. Gasbuddy predicting the national average for a gallon of gas now $2.43 will increase 15 to 25 cents in coming weeks. It's less money in my pocket. Reporter: The storm shutting down nearly a quarter of U.S. Refining capacity. This Chevron plant in Baytown, Texas, inundated. 15 gulf coast refineries, including motiva, the largest in the country now shuttered. Tom, they are changing these prices at this pump as we speak. Hiking them and this price spike is expected to last another two to three weeks, Tom. So many with road trips planned ahead. All right, rebaek ka. Thank you.
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