Could gas hit $3/Gallon? Experts say possibly

Posted at 6:47 PM, Sep 07, 2017
and last updated 2017-09-07 18:47:18-04

The New York State Association of Service Stations & Repair Shops tells 7 Eyewitness News that gasoline has gone up 60 cents per gallon in parts of New York.

As of Thursday afternoon, some stations in the Buffalo area were selling gas at $2.84/gallon.

The big question now is will gas reach $3/gallon or more in the near future?

7 Eyewitness Reporter Ed Reilly found that it could thanks to refinery disruptions caused by Hurricane Harvey and panic buying by consumers fearing there might be a gasoline shortage.

There are also fears that gas prices will be driven up by another round of panic buying due to Hurricane Irma that is heading for Florida.

Hear more in Ed's reports.