The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Gasoline shortages are spreading in North and South Carolina as locals brace for the impact of Hurricane Florence or evacuate their communities.
While most stations still have fuel, some are running out and long lines have formed at others as supplies dry up.
In Raleigh-Durham, North Carolina, 11 percent of stations are out of gas, according to fuel-station finding app GasBuddy. In Wilmington, North Carolina, 10.5 percent of stations are out.
Motorists lined up at a Carolina Petro station near the coast in Wilmington on Wednesday.
Margie Garrabrand was among them. "I have a home in town so I'll be staying in town," she said.
Outages are worsening in South Carolina, as well. In Charleston, 9.9 percent of stations don't have fuel.
More from USA Today:
Hurricane Florence track turns south, likely 'storm of a lifetime' for Carolinas
Hurricane Florence gas shortages pop up in North Carolina as motorists flock to stations
How to protect your financial life ahead of a natural disaster like Hurricane Florence
In both states, outages have more than doubled over the last 24 hours. In North Carolina, 4.8 percent of stations were out of fuel as of Wednesday morning, while 2.1 percent of stations were out in South Carolina, according to GasBuddy.
To be sure, analysts don't expect gasoline to be extremely hard to find as Florence barrels toward the coast.
But shortages are expected to get worse — especially in South Carolina — after new forecasts projected the storm would hit the state harder than expected.
When "more of the purchases are condensed" into a small window, "gas stations are not able to keep up," said Patrick DeHaan, senior petroleum analyst for GasBuddy.
Drivers are on high alert after hurricanes caused temporary outages at stations in parts of Florida and Texas in 2017.
"You are seeing panic behavior by motorists," said Tom Kloza, analyst at Oil Price Information Service. "You're going to see stations that are out of gas because they're not used to seeing everyone looking to fill up."
In Swan Quarter, North Carolina, there is one gas station. Ryan's Garage on Main Street is near the Swan Quarter ferry terminal, where Outer Banks evacuees from Ocracoke have been arriving.
Ryan Marshall, the owner of Ryan's Garage, said the station normally has capacity for 2,000 gallons of fuel, but as of Wednesday morning, had fewer than 500 left. He is hopeful that the station will be able to receive one more delivery of 1,000 gallons of gas for the day, but that depends in part on the path of the storm.
Nationally, analysts don't expect Florence to cause a spike in gas prices – in part because refining capacity, much of which is concentrated in the Gulf Coast of Texas and Louisiana, is unlikely to be affected.
Prices averaged $2.84 nationally on Wednesday, according to AAA. That was steady from a week earlier.
DeHaan urged drivers not to fret about long-term problems. One key reason: The East Coast region that Florence is expected to affect doesn't have much gasoline refining. So even if the area gets hard hit, supplies will be available from other states. Stations that run out will get new shipments.
During these types of situations, the problem is the mad dash to fuel up causes short-term grief for motorists.
"It's like a church on Easter Sunday," Kloza said. "The church can't handle the crowd on Easter Sunday, but it can handle the crowd 364 days a year. So that's what we'll see now."