IBJNews

Refinery problems, spill drive up Great Lakes gas

Back to TopCommentsE-mailPrintBookmark and Share

A rare combination of troubles is driving up gas prices in the Great Lakes region.

GasBuddy.com petroleum analyst Patrick DeHaan said Friday that several Great Lakes states have seen prices surge about 40 cents per gallon in the last week. That follows a pipeline rupture and shutdown in Wisconsin and equipment problems at refineries in Indiana and Illinois.

Illinois has experienced the biggest price jump, from a statewide average of $3.61 a week ago to $4.05 on Friday.

DeHaan says the confluence of incidents is unusual and has created fears of a shortage that has spooked the gas market. But he says it typically takes only a week or so to make refinery repairs, and prices should begin to drop during the next few weeks.

ADVERTISEMENT

  • pipelines
    Not just one company feeds any certain pipeline, oil or gas. companies get paid by what they put into a pipeline after refining it in the case of gas. 5 or 6 other oil companies may feed that pipeline also. Refined gas is mixed from many sources and the detergents and additives are added when a tanker fills up on its way to the corner store. Simply put, its impossible to boycott any certain oil company, what they refine gets sold at any corner gas station.
  • One down all gain
    Why is it that one refinery has an issue but all the gas companies raise the prices right away and all the gas does not come from just one source. Bp vs Speedway vs Citgo. Why? I would like to see a different price a every gas supplier. Then I would trust they are for real.
    • shortage? Really!
      Just in the past 24 hours, I have seen gas prices JUMP 90 cents! Who really thinks there is a shortage that justifies prices jumping 50-90 cents at one station, but across the street it stays the same!? Why do they continue to think we are stupid enough to believe their excuses. The media just needs to say...well the're at it again, bend over because you can't do anything about it!Get real.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

    2. Does the $100,000,000,000 include salaries for members of Congress?

    3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

    4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

    5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

    ADVERTISEMENT