Current:Home > reviewsPort strike may not affect gas, unless its prolonged: See latest average prices by state -FundPrime
Port strike may not affect gas, unless its prolonged: See latest average prices by state
View
Date:2025-04-15 21:52:10
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! (22817)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Jennifer Garner Pays Tribute to Ballerina Michaela DePrince After Her Death
- After a mission of firsts, SpaceX Polaris Dawn crew returns safely to Earth
- Lawsuit says Alabama voter purge targets naturalized citizens
- Trump issues order to ban transgender troops from serving openly in the military
- The Fate of Emily in Paris Revealed After Season 4
- 'Shogun' rules Emmys; Who is Anna Sawai? Where have we seen Hiroyuki Sanada before?
- Five college football Week 3 overreactions: Georgia in trouble? Arch Manning the starter?
- The Daily Money: Spending more on holiday travel?
- 'Hacks' star's mom and former SNL cast member slams 'The Bear,' says it's not a comedy
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Thousands in California’s jails have the right to vote — but here’s why many won’t
- Judge rejects former Trump aide Mark Meadows’ bid to move Arizona election case to federal court
- Research shows most people should take Social Security at 70: Why you may not want to wait
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Fantasy football buy low, sell high: 10 trade targets for Week 3
- Democrats put up $25 million to reach voters in 10 states in fierce fight for Senate majority
- Oregon Republicans ask governor to protect voter rolls after DMV registered noncitizens
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Britney Spears Shares Rare Message to Sons Jayden and Sean Federline for Their Birthdays
Disney Launches 2024 Holiday Pajamas: Sleigh the Season With Cozy New Styles for the Family
2024 Emmys: RuPaul’s Drag Race Stars Shut Down Claim They Walked Out During Traitors Win
Travis Hunter, the 2
Officials ban swimming after medical waste washes ashore in Maryland, Virginia and Delaware
A secretive group recruited far-right candidates in key US House races. It could help Democrats
Everything to Know About the 2024 Emmys' Biggest Winner Shogun