Sandy's impact on the Heartland - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Sandy's impact on the Heartland

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(KFVS) -

Storm Sandy is wreaking havoc on the East Coast, but the Heartland is still seeing the impacts.

Sandy is expected to affect gas prices, airline travel, and possibly insurance rates.

Sandy is making it's way through the East Coast's oil refinery region, temporarily closing some refineries in Delaware, New Jersey, and Pennsylvania.

Gas prices are expected to spike in the days after the storm, but aren't predicted to stay high long.

The bigger impact on prices could come if the storm damage or power outages put the refineries out of services for several days.

One expert guessed an extended delay could push the national average from $3.54 to $4.00.

Storm Sandy is also impacting air travel. Airlines have canceled nearly 9,000 flights so far, and the number is only expected to grow.

If you're planning to fly, check your flight status, because some airlines have already canceled Tuesday flights at Philadelphia, Washington, Boston, and NYC airports.

Sandy will also be costly for some.

Insurance companies are expected to have to pay up to $5 billion dollars, which is in line with the cost of Hurricane Irene.

Insurance analysts expect losses to be manageable for the companies, because of a capital cushion to withstand losses.

Preliminary estimates say the damage will range between $10 and $20 billion dollars. That could top last year's Hurricane Irene which was about $15 billion dollars.

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