Current:Home > NewsPort strike may not affect gas, unless its prolonged: See latest average prices by state -Secure Growth Solutions
Port strike may not affect gas, unless its prolonged: See latest average prices by state
View
Date:2025-04-15 04:11:06
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! (476)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Two dead, three hurt after a shooting in downtown Minneapolis
- National Queso Day 2024: Try new spicy queso at QDOBA and get freebies, deals at restaurants
- AI is helping shape the 2024 presidential race. But not in the way experts feared
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Lizzo Responds to Ozempic Allegations After Debuting Weight Loss Transformation
- North America’s Biggest Food Companies Are Struggling to Lower Their Greenhouse Gas Emissions
- NASCAR 2024 playoff standings: Who is in danger of elimination Saturday at Bristol?
- Buckingham Palace staff under investigation for 'bar brawl'
- Man accused in shootings near homeless encampments in Minneapolis
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Teen Mom's Catelynn Lowell Slams Claims She Chose Husband Tyler Baltierra Over Daughter Carly
- Secret Service report details communication failures preceding July assassination attempt on Trump
- Lizzo Unveils Before-and-After Look at Weight Loss Transformation
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Actor Ross McCall Shares Update on Relationship With Pat Sajack’s Daughter Maggie Sajak
- Elle King says she didn't want 'to hurt' dad Rob Schneider after speaking 'her truth'
- See Khloe Kardashian’s Delicious Chocolate Hair Transformation
Recommendation
US appeals court rejects Nasdaq’s diversity rules for company boards
Google begins its defense in antitrust case alleging monopoly over advertising technology
The Truth About Christopher Reeve and Dana Reeve's Awe-Inspiring Love Story
Freddie Owens executed in South Carolina despite questions over guilt, mother's plea
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
David Beckham talks family, Victoria doc and how Leonardo DiCaprio helped him win an Emmy
Motel 6 sold to Indian hotel operator for $525 million
Diana Taurasi changed the WNBA by refusing to change herself