Current:Home > NewsSurpassing:Port strike may not affect gas, unless its prolonged: See latest average prices by state -Clarity Finance Guides
Surpassing:Port strike may not affect gas, unless its prolonged: See latest average prices by state
Robert Brown View
Date:2025-04-11 07:03:59
Update: US port workers and Surpassingoperators 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! (341)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Kelly Clarkson surprises Vegas street performer who didn't recognize her with Tina Turner cover
- With a government shutdown just days away, Congress is moving into crisis mode
- How much does it cost to raise a child? College may no longer be the biggest expense.
- Skins Game to make return to Thanksgiving week with a modern look
- Chargers WR Mike Williams to miss rest of 2023 with torn ACL
- Your Ultimate Guide to Pimple Patches
- Court appointee proposes Alabama congressional districts to provide representation to Black voters
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Former environment minister in Albania sentenced to prison in bribery case
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Man brings gun and knives into a Virginia church service after vague online threats, police say
- Sophia Loren recovering from surgery after fall led to fractured leg, broken bones
- Journalist killed in attack aimed at police in northern Mexico border town
- South Korean president's party divided over defiant martial law speech
- Kari Lake’s trial to review signed ballot envelopes from Arizona election wraps
- Third person charged in fentanyl-exposure death of 1-year-old at Bronx daycare center
- Third person charged in suspected fentanyl poisoning death of 1-year-old at New York City day care
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
3 Top Tech Stocks That Could Help Make You Rich by Retirement
Journey to celebrate 50th anniversary with 30 shows in 2024: See where they're headed
Colombian club president shot dead after match
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
MLB power rankings: Astros in danger of blowing AL West crown - and playoff berth
YouTube CEO Neal Mohan says tough content decisions can be tradeoff between two bad choices but safety is company's North Star
Trump argues First Amendment protects him from ‘insurrection’ cases aimed at keeping him off ballot