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