Current:Home > reviewsPort strike may not affect gas, unless its prolonged: See latest average prices by state -Mastery Money Tools
Port strike may not affect gas, unless its prolonged: See latest average prices by state
View
Date:2025-04-13 11:56:44
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! (575)
Related
- Travis Hunter, the 2
- MLB Misery Index: AL Central limping early with White Sox, Guardians injuries
- A German art gallery employee snuck in his own art in hopes of a breakthrough. Now the police are involved.
- NHL scoring title, final playoff berths up for grabs with week left in regular season
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- A criminal probe continues into staff at a Virginia school where a 6-year-old shot a teacher
- Tom Hanks Reveals Secret to 35-Year Marriage With Rita Wilson
- The OJ Simpson saga was a unique American moment. 3 decades on, we’re still wondering what it means
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- AP WAS THERE: OJ Simpson’s slow-speed chase
Ranking
- Travis Hunter, the 2
- Off-duty SC police officer charged with murder in Chick-fil-A parking lot shooting
- The Downfall of O.J. Simpson: How His Murder Trial Changed Everything
- Reaction to the death of O.J. Simpson
- Trump invites nearly all federal workers to quit now, get paid through September
- Ron Goldman's Dad Fred Speaks Out After O.J. Simpson's Death
- Coachella 2024: Lineup, daily schedule, ticket info, how to watch festival livestream
- Video shows rare 'species of concern' appear in West Virginia forest
Recommendation
Highlights from Trump’s interview with Time magazine
Don't say yes when caller asks 'Can you hear me now?'
AP Week in Pictures: North America
Minnesota man guilty in fatal stabbing of teen on Wisconsin river, jury finds
What to watch: O Jolie night
Thursday's NBA schedule to have big impact on playoff seeding
Dodgers Star Shohei Ohtani's Former Interpreter Facing Fraud Charges After Allegedly Stealing $16 Million
What American Crime Story: The People v. O.J. Simpson Got Right and Wrong About His Life