Gas Prices Continue to Climb in Elmhurst and All Over Northern Illinois
Experts blaming the $4-plus prices on Midwest refinery problems and say there likely won't be a decrease until after Labor Day.
AAA Chicago is saying that refinery problems in Illinois and Indiana are behind gas price increases that took the cost to more than $4 a gallon in the Chicago area last week, according to the State Journal Register.
According to IllinoisGasPrices.com, the cheapest gas you’ll find in Elmhurst is $4.09 at the Mobil station at 1000 N. York Road (at Grand Avenue). Delta Sonic (600 W. North) and Citgo (218 E. Butterfield) are both charging $4.19.
In Chicago, gas prices are hitting $4.59.
Nationwide, gas prices have risen from an average of 3.32 per gallon of regular to $3.53 per gallon of regular in the last month, according to AAA.
"Illinois, Indiana and states in the Midwest have seen prices rise since last week due to production issues at the BP refinery in Whiting, Ind., and the Citgo refinery in Lemont," Beth Mosher, director of public affairs for AAA Chicago said in a news release.
"With the supply from these refineries impacted, and the associated increase in wholesale prices already seen in the region, there is reason to suspect that prices in the areas supplied by these facilities may continue to rise until the situation is resolved."
Nationwide, prices are rising due to corn prices which have caused ethanol costs to increase about 17 percent in July, according to the Huffington Post.
Gas prices rise four times faster than they fall after the wholesale price changes, according to a 2010 Federal Trade Commission (FTC) study. USA Today says that, according to the study, some retailers sell at a loss when wholesale prices are high and try to make up for it when prices go down.
AAA says prices should begin to decline again after Labor Day.
In This article
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Mobil Oil Corporation
1000 N York St, Elmhurst, IL -
Delta Sonic Car Wash
600 W North Ave, Elmhurst, IL -
Minuteman Citgo
218 E Butterfield Rd, Elmhurst, IL
Jake Arvey
11:55 am on Monday, August 6, 2012
Production issue at BP Whiting? They had a problem with their coker. Guess what--a coker does not make gasoline. A refinery doesn't need a coker to produce gasoline. The purpose of a coker is to make petroleum coke, i.e., to make something marketable out of the leftover residuals from the refining process. Why BP Whiting's coker problem should impact gas prices is a mystery.
bill trudeau
5:30 pm on Monday, August 6, 2012
Bought Super unleaded in Amana Iowa yesterday for 3.49. Crossed the border into Illinois a few hours later, and the Welcome center was closed "due to budget cuts". The water fountain had a sign that the water was dangerous due to high E coli. Welcome to Illinois.
Karen Chadra
9:50 pm on Monday, August 6, 2012
Wow. That pretty much says it all, Bill.
I paid $3.68 in Middlebury, Ind., last week. Drove across the border to White Pigeon, Mich., the same day, where it was $3.89, back to Elmhurst the next day and it was $4.26. Why do we live here?
bill trudeau
10:03 pm on Monday, August 6, 2012
Reliable power and courteous, humble elected officials?
Joe O'Malley
10:23 pm on Wednesday, August 15, 2012
You may be able to forget about your favorite restaurants here in Mayberry for awhile. You'll be needing that money to fill your gasoline tanks. According to this article in the Washington (com)Post, fuel costs are on their way up due to a reduction in U.S. Crude inventories...Just get the small fries with that Big Mac.
http://www.washingtonpost.com/business/oil-falls-to-near-93-a-barrel-in-asia-as-us-supply-increase-offsets-rising-retail-sales/2012/08/15/0daaec06-e6a4-11e1-9739-eef99c5fb285_story.html
BTW...anyone care to speculate what the price of Regular Gasoline will be when the Israeli Air Force starts dropping Bunker-Busters on Iran's Supreme Leader Ayatollah Ali Khamenei's turban?