Here's why you're paying so much more for gas this week
MADISON, Wis. -- A rare combination of troubles is driving up gas prices in the Great Lakes region.
GasBuddy.com petroleum analyst Patrick DeHaan said Friday that several Great Lakes states have seen prices surge about 40 cents per gallon in the last week. That follows a pipeline rupture and shutdown in Wisconsin and equipment problems at refineries in Indiana and Illinois.
Illinois has experienced the biggest price jump, from a statewide average of $3.61 a week ago to $4.05 on Friday.
DeHaan says the confluence of incidents is unusual and has created fears of a shortage that has spooked the gas market. But he says it typically takes only a week or so to make refinery repairs, and prices should begin to drop during the next few weeks.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close