Joliet Refinery Delayed in Bringing Capacity Online as Midwest Gas Prices Surge
The shutdown has removed 275,000 barrels a day from Midwest supply, and analysts say gasoline and diesel prices could keep rising.
- Exxon Mobil's Joliet refinery remains offline as of Friday, with the company declining to provide a firm restart date following floodwater damage to critical equipment.
- Severe weather damaged Exelon's ComEd power lines on Sunday, September 13, triggering a safety flare; floodwater subsequently overwhelmed a pump, forcing Exxon to deploy a containment boom for cleanup.
- The facility processes 275,000 barrels of crude daily and produces roughly 11 million gallons of gasoline and diesel, representing 6% of the Midwest's total refining capacity shipped across seven states.
- Illinois diesel has climbed to $6.50 a gallon while Chicago regular gasoline reached $5.14, as the disruption compounds existing global supply constraints already tight from Middle East and Ukraine conflicts.
- Patrick De Haan, head of petroleum analysis at GasBuddy, warned the region has little room for further supply shocks, with U.S. diesel prices already climbing above $6 per gallon.
18 Articles
18 Articles
Truckers hit hard by skyrocketing Diesel prices
They say it’s pretty brutal and these prices are high enough to affect their business. A lot of them are just filling up for what they need — not all the way if they don’t have to. Some of these trucks only get around 5 miles a gallon if they’re hauling something heavy. Remember — a couple refineries in the Midwest, like the one in Joliet, Illinois, have run into some problems lately, which are contributing to the spikes in prices. We caught up …
Joliet refinery delayed in bringing capacity online as Midwest gas prices surge - Regional Media News
(The Center Square) - Following a power outage that took an entire fuel refinery offline last weekend, filings with regulatory agencies reveal that additional problems at the plant with flood water have kept the facility from operating, creating the potential for Midwestern fuel prices to [...]
Star Local
Joliet refinery delayed in bringing capacity online as Midwest gas prices surge
(The Center Square) – Following a power outage that took an entire fuel refinery offline last weekend, filings with regulatory agencies reveal that additional problems at the plant with flood water have kept the facility from operating, creating the potential…
11 Million-Gallon Refinery in Joliet Goes Dark. How High Can Midwest Gas Prices Go? – Yahoo Finance
Illinois diesel already sits at $6.50 a gallon and Chicago gasoline at $5.14, leaving consumers little buffer if the outage extends into weeks. A prolonged shutdown could push parts of the Midwest above $6 gasoline while widening refining margins for Exxon and other operating refiners.
Exxon’s 11 Million-Gallon Refinery Goes Dark. How High Can Midwest Gas Prices Go?
Gasoline and diesel prices were already moving higher before a floodwater-overwhelmed pump forced Exxon Mobil (NYSE:XOM) to keep its Joliet, Ill., refinery offline. This is critical because fuel markets have little room for another supply disruption. AAA put the national average for regular gasoline at $4.47 a gallon today, while Illinois averaged $4.86 and diesel […]
Exxon Mobil forced to shut down one of the largest diesel refineries in Midwest
According to a report from Reuters, Exxon Mobil said floodwater overwhelmed a pump at its 275,000-barrel-per-day refinery in Joliet, Illinois, and the plant remained shut Thursday after a weekend power failure. The disclosure came in a regulatory filing. Crews had already put out a containment boom as part of the cleanup. Exxon took the refinery […]
Coverage Details
Bias Distribution
- 53% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
