Gas prices in the Chicago area are expected to rise due to an oil refinery fire in northwest Indiana, leading to unexpected shutdowns and fears of a supply crunch. Diesel prices in the Midwest have climbed, with a 12% increase in the wholesale cost of diesel fuel in Northwestern Europe. Despite the impact on wholesale prices, it is uncertain how much it will affect pump prices.
According to General Index, since the beginning of the year, the wholesale cost of diesel fuel supplied to Northwestern Europe has jumped by 12% to just over $116 per barrel. European refineries do not produce enough diesel to meet demand, leaving the region dependent onā¦ https://t.co/kKgvtqLcpJ
This probably won't have much of an impact at the pump. It's the Chicago wholesale price of #diesel after Thursday outage at big BP Whiting, Indiana refinery. But operations resumed a day later. This @SONAR_FW chart shows how fast wholesale prices can react to news...up or down. https://t.co/AVxGLT3yKO
Diesel prices in the Midwest climbed for a second day after two refineries in the region shut down unexpectedly, stoking fears of a supply crunch. https://t.co/sSlJU0G9Co
Some of this drop can be attributed to the front month ultra low sulfur #diesel contract rolling over Thursday from February to March barrels. But only a little bit. Otherwise, the gains going back the last two weeks are all gone. https://t.co/BCuTEHHjAs
Chicago area gas prices could rise after outage at BP refinery in Whiting, Indiana https://t.co/Pikzo7bgib https://t.co/QbzZv9coEN
Drivers are bracing for a big jump in the price of gas and it's all because of an oil refinery fire in northwest Indiana. https://t.co/YALwf10wUn