- Sep 2, 2006
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i wondered why gas prices jumped 40 cents while i was at work today - here's the reason.
http://www.freep.com/story/money/business/michigan/2015/08/12/gas-prices-increase/31533529/
http://www.freep.com/story/money/business/michigan/2015/08/12/gas-prices-increase/31533529/
Gas prices in the Midwest could surge from 30 cents to a dollar because of a key refinery shutdown in Indiana.
BP's refinery in Whiting is having problems with its largest crude distillation unit, which handles more than half of the facility's capacity, according to Patrick DeHaan, senior petroleum analyst with GasBuddy.com.
The refinery is the seventh largest in the U.S. and biggest in the Midwest, according to the U.S. Energy Information Administration's website. Its operable capacity is 413,500 barrels per calendar day.
"Almost immediately, market gasoline prices shot up on the concerns of reduced gasoline supply from the BP refinery," DeHaan said in a written statement, estimating a 15- to 30-cent increase. Other analysts said the increase could be up to a dollar per gallon in just a week.
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