A refinery outage reported at a facility in Illinois Wednesday may cause gas prices to rise across the region as soon as Thursday.
The Illinois Emergency Management Agency reported a “flaring event” at a refinery in Roxana, Illinois on Wednesday morning. That led to wholesale gasoline prices jumping nearly 10¢ per gallon.
Gas analysts warn that due to the practice of stations undercutting each other, prices may rise much more than that 10¢ as they pass along the higher wholesale price, and also restore their depleted margin that was sacrificed by the undercutting.
Motorists in Illinois, Michigan, Ohio, Indiana and areas of Wisconsin, Kentucky and West Virginia will be most impacted.