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Gas Prices Rocket Up Overnight In Chicago

August 25, 2011

Ouch.

“You might not want to get out of bed this morning. The BP refinery in Whiting, Indiana has been shutdown, while at the same time, another refinery has shutdown in Ohio ANDHurricane Irene might affect refineries on the East Coast!” — Gas/oil expert Phil Flynn tells Greg Jarrett/WGN Radio why the price for a gallon of gas is up over 20-cents since you went to bed last night.

One reason for the price hike is due to refinery woes.

BP began shutting down a comprssor leading to a coking unit at it’s 405,000 barrel-a-day refinery in Whiting, Indiana, on Aug. 23 after discovering a leak, according to a person famiiar with refinery operations. No estimate of repair time was forthcoming.

3 Comments leave one →
  1. Jim Walsh permalink
    August 25, 2011 1:16 PM

    Can Phil Flynn or Greg Jarrett explain why a problem at a BP refinery caused the price at the local (Yorkville) Shell and Speedway stations to go up more than the BP station?

  2. Railroad Baron permalink
    August 25, 2011 12:41 PM

    time for a prius hybrid in the garage

  3. Steve Adams permalink
    August 25, 2011 11:35 AM

    No sympathy here, from someone who all summer and until the last few weeks was been paying over $ 4.00 a gallon – $ 4.359 for a while to be exact – down to $ 3.799 this week.

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