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Will Isaac Bring Pain to the Pump?

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    Patrick DeHaan, Gasbuddy.com, on how Tropical Storm Isaac stands to impact gas prices.

  • Duration 3:18
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This transcript is automatically generated

That is a spot that's bring in Patrick.

-- just said wholesale gas prices -- six cents a gallon when does that translate to the pump price.

Probably three to five days from now -- start to see this increase hitting the pumps we've got a national average of 375.

For regular.

-- today Tom close on this on this program said it would hit 385.

Fairly quickly a ten cent gain.

You agreement that.

A special in the gulf communities where the increase is going to be the quickest you know we're talking about stations that are going to be replenishing their takes people are going to be filling up.

In advance of the storm so you'll probably see quickest in the gulf but now.

I just checked out -- prices and things are looking pretty rough in the Chicago region there's another pipeline issue that has come to -- and actually it's worse.

-- what's going on in the gulf right now also present Chicago or up even more than there on the gulf that means OK we got that now as I understand it.

-- people in California Washington State and Oregon they're already paying an average of four dollars a gallon.

Connecticut Illinois New York within two cents all -- four dollars a gallon.

Who walked on the -- to -- -- what you saying.

Basically that's tens of millions of Americans mall on top of the millions already paying four dollars.

Four dollars is a reality very very soon for a a majority of the country.

Well depends on where you know the gulf has -- this -- in the country already we will likely see big increases in the gulf I don't think a lot of areas will see four dollars.

But he's an all out scenario sees it Patrick I'm talking -- to about very big population states California Illinois Connecticut new -- -- And that those tens of millions of people in the states.

Yeah that's right dollar your biggest cities we've been -- four dollars and probably will stay there for quite some time -- New York City Chicago LA but.

You know when it comes in Texas Dallas Houston I'm not sure that I don't believe -- -- -- four bucks there but you're right all the biggest cities.

-- four bucks -- will stay there is this just temporary.

And you decide -- -- you know hurricanes come hurricanes go pipeline issues come and go refinery issues they come and go eventually get back to basic supply and demand in the fall.

All we gonna come back down again.

Well we will but it will depend on how this hurricane goes how much -- its causes are Katrina caused damage that that you know was Laffer.

Eight months to a year now this is not going to be the strength it appears that Katrina was but we could be talking about at least a few weeks or perhaps a couple months and I think.

-- -- that certainly could be another fact you have a lot of Americans hitting the road and prices are set to go up before they're doing that so you may see some people switching their last minute plans but.

Americans will be shelling out more this Labor -- as prices upstart despite this week cheapest gas in the country where is it right now.

El paso Texas at three dollars and 24 cents -- with the storm coming you may see that pop up as well.

Most expensive gas station in the country where is it.

Santa Barbara California for 99 a gallon that's the regular.

That's regular and our rights we've -- enough Patrick.

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