With oil at a six-year low and much of the U.S. enjoying cheaper gas prices this summer, drivers in Chicago and the Midwest are in for some real pain at the pump.
Gasoline prices across the Midwest spiked an average of 20 cents or more per gallon overnight, after the outage at BP‘s Whiting refinery in Indiana sent prices in the wholesale spot market skyrocketing this week. More of that price shock should filter through to gas stations in states from Ohio and Kentucky to Illinois, Wisconsin and Michigan. Continue reading “Ouch! Gasoline prices are spiking in these states while oil is at a six-year low”
