Gas Prices Rise in Chicago After Power Outage at Exxon Mobil Joliet Refinery
The shutdown at a key refinery cut regional supply, and AAA said diesel reached record highs in several Midwest states.
- On Sunday, a power outage at the Exxon Mobil refinery in Joliet forced a total production shutdown, halting operations at a facility supplying about 10% of the Chicago area's fuel.
- Essential to the Midwest, the refinery produces about 11 million gallons of fuel daily as international conflicts in the Middle East and Russia-Ukraine strain already limited global energy supplies.
- According to AAA fuel data, diesel reached record highs Tuesday across the region with Michigan at $6.26 per gallon, Illinois and Indiana at $6.22 per gallon, and Wisconsin at $6.10 per gallon.
- Patrick De Haan, head of petroleum analysis for GasBuddy, warned that fuel costs could approach $7 a gallon at some stations in the region within the next week or so.
- University of Chicago analyst Sam Ori stated, 'It's unlikely, and certainly before the midterm elections, these prices are going to come down,' citing limited market margin for error.
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Diesel in Midwest could soon reach $7 after refinery issues - Regional Media News
(The Center Square) - An Exxon Mobil fuel refinery southwest of Chicago went offline over the weekend, causing a halting of production and driving already heightened fuel costs even higher for Midwestern motorists, who likely won't see prices ease until days later. The cost for [...]
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Diesel in Midwest could soon reach $7 after refinery issues
(The Center Square) – An Exxon Mobil fuel refinery southwest of Chicago went offline over the weekend, causing a halting of production and driving already heightened fuel costs even higher for Midwestern motorists, who likely won’t see prices ease until…
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