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Illinois Gas Prices Surge as Refinery Outage and Middle East Tensions Push Costs Higher

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Source: ABC7 Chicago
Illinois Gas Prices Surge as Refinery Outage and Middle East Tensions Push Costs Higher
Photo: ABC7 Chicago
TL;DR

Gas prices in the Chicago area jumped overnight, with Illinois averaging about $4.85 per gallon and Chicago around $5.17, as a weekend power loss at BP’s Whiting refinery and tensions over Iran raise crude supplies and transport costs. Indiana prices rose too, and analysts warn prices may stay elevated through Memorial Day as vendors pass along higher energy costs and related shipping charges.

Topics:businesseconomy#bp-whiting#economy#energy-economy#gas-prices#illinois#iran-war
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  1. Why is gas so high in Illinois? Gas prices today increased amid Iran war, after BP Whiting, Indiana refinery power loss  ABC7 Chicago
  2. Gas prices hit $4.39 per gallon in biggest one-day jump since Iran ceasefire announced  NBC News
  3. Californians now paying 6 bucks a gallon for kicks on Route 66  Reuters
  4. Average price of gas in California edges past $6 a gallon, highest level in four years  The Guardian
  5. Will gas prices drop this year? Here's what experts are saying  USA Today

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