Harvey, holiday weekend send gas prices higher in AZ

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(Source: 3TV/CBS 5) (Source: 3TV/CBS 5)

Gas prices are hitting their highest prices of the year nationwide this Labor Day Weekend.

Prices could spike to five to ten cents higher in Arizona but those prices should even out come mid-to late-September.

Gasoline inventories are at historically high levels and there is an abundant supply of fuel across the United States to meet demands at this time.

[RELATED: Gasoline prices head higher while motorists panic]

That's despite all the damage and flooding in the Gulf Coast after Hurricane Harvey.

"Harvey has caused severe flooding in some areas. Eight refineries are offline. The full extent of damage to these refineries is unknown," said Michelle Donati of AAA Arizona.

[RELATED: Gas prices: The Harvey news is getting worse]

Refineries are drying out and will be going back online soon.

As of Friday, Arizona holds the 10th lowest gas price in the country.

Friday's statewide average is $2.29, which is an increase of 3 cents since last week.

[RELATED: No state highway construction closures during Labor Day weekend]

But some states saw a huge spike.

In South Carolina, gas prices jumped 20 cents in one week.

For more information on the gas prices, click here

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