Gas prices are going up all across the country, but the states getting hit the hardest are the ones surrounding the Great Lakes. Michigan, Indiana, Ohio, and Illinois have been particularly hard hit this week, and gas prices may soon rise to their highest since 2015.
Part of the blame could even be placed on our hurricane season as some refiners pushed back maintenance to cover production losses from the affected area. Now that pushed back maintenance is colliding with other planned maintenance that was also planned leading to a condensed maintenance season.
Additionally, the Explorer Pipeline has recently sustained a leak, interrupting the ability for relief supplies to be sent from the Gulf Coast. These issues have pushed gasoline inventories to their lowest levels in more than two years.
Some areas have prices rise to nearly 50 cents per gallon, including another double-digit gain on the market in response to continued tightness in the region.
Hikes that have already happened in these areas have not covered the full jump of the rise in wholesale cost. Prices in Michigan, Indiana, Ohio, Kentucky and Illinois could soon jump to their highest levels since BP’s refinery outage in August 2015.
GasBuddy estimates gas prices in Illinois, mainly around Chicago could soon exceed $3 per gallon.
GasBuddy is a leader in crowd-sourced information for, real-time fuel prices at more than 140,000 gas stations in the U.S, Canada and Australia.