Quantcast

Refinery problems, spill drive up Great Lakes gas

Published: August 3, 2012
By: Associated Press
Tags: , , , , ,

Madison (AP) — 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 had seen prices surge about 40 cents a gallon in the past 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 said the confluence of incidents was unusual and created fears of a shortage that spooked the gas market. But he said it typically took only a week or so to make refinery repairs, and prices should begin to drop during the next few weeks.

[Print] [Email]

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Subscribers get free access to our whitepaper library. Recent topics include:

  • When the dominoes start to fall: managing contractor and subcontractor defaults
  • Construction Hazard: new hires means greater exposure to litigation

Try us for 30 days and see!

Already a subscriber? Claim your Whitepapers here.

Leave a Reply

THE DAILY REPORTER EVENT CALENDAR