GasBuddy Analyst: Midwest To See Sharp Gas Price Increases
(Indianapolis, Ind.) – A GasBuddy analyst says an outage in Illinois will cause sharp increases for gas prices in the Midwest.
Head of petroleum analysis Patrick DeHaan took to Twitter to warn of the ExxonMobil outage at a refinery near Joliet. This is expected to affect the tri-state soon as wholesale gas prices are expected to go up.
According to GasBuddy.com, the average price for a gallon of regular unleaded in Greater Cincinnati is $2.43 as of Thursday morning. The price is already up 12 cents from just a week ago, but 10-cents cheaper than this time last month.
Shouldn’t peak higher than $2.75-$2.90… situation is still a bit fluid as market sorts it out. Once $MPC Robinson is back online, limited relief.
— Patrick DeHaan ⛽️ (@GasBuddyGuy) December 20, 2017