Map Shows States Where Gas Prices Could Surge
Summary
A power outage at the ExxonMobil refinery in Joliet, Illinois, caused the facility to shut down, leading to expected rises in gas prices in several Midwest states. Gas prices in the U.S. have been rising nationwide because of higher oil prices and global events affecting fuel supply.Key Facts
- The ExxonMobil refinery in Joliet processes about 275,000 barrels of crude oil daily and accounts for 6% of Midwest refining capacity.
- The refinery shut down on Monday due to a total power outage.
- Gas prices are expected to increase soon in Illinois, Indiana, Ohio, and Wisconsin.
- The average U.S. gas price rose 17.2 cents last week to $4.25 per gallon as of Monday.
- Oil prices topped $100 per barrel, influenced by geopolitical tensions involving the U.S., Iran, the Red Sea, and Saudi Arabia’s pipeline shutdown.
- Attacks on Russian refineries also reduced fuel supplies, pushing prices higher.
- The Pacific Northwest and Mountain West states have seen some of the largest gas price increases recently.
- California has the highest average gas price in the U.S. at $5.81 per gallon as of early September.
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