Iran conflict, refinery disruption play roles as Illinois gas price passes $4.50

(The Center Square) – Gas prices have surged in Illinois, and an American Automobile Association spokesperson says several factors are to blame.

AAA listed the average price for regular unleaded at $4.53 a gallon on Wednesday, up from $3.41 a year ago and $3.98 one month ago.

Molly Hart, spokesperson for AAA, said the conflict with Iran is playing a role.

“What a lot of people don’t understand is about 60% of what we pay at the pump has to do with the price of a barrel of crude oil. So when that price keeps going up, we see the pain at the pump,” Hart told The Center Square.

Hart said, due to the conflict, there is no way to know when prices might come down.

- Advertisement -

“However, it is also the time of year when we switch over from the winter blend of gasoline to the summer blend, which is more expensive to make,” Hart said.

Hart said a brief disruption at a Northwest Indiana refinery may have affected prices in the Midwest.

A BP spokesperson said a brief loss of electric power disrupted operations at BP’s Whiting refinery on Sunday night.

“Power has been restored and operations are stable. The power interruption was system-related and not the result of operator actions,” the spokesperson said in a statement.

Hart said recent labor disputes are another concern at the facility, which is one of the 10 largest refineries in the United States.

“Why it can matter locally is because the labor disputes draw attention, because any operational impact can ripple into a Midwest fuel supply and price problem,” Hart said.

- Advertisement -

Whiting is near the Illinois state line and the eastern edge of Cook County, where the AAA listed the average gas price on Wednesday at $4.71 per gallon.

Indiana’s average gas price was $4.09.

The American Petroleum Institute says the main drivers of gasoline prices are crude oil costs, refining costs, distribution and marketing, and taxes.

Illinois’ gas tax is currently 48.3 cents per gallon, and another annual increase is slated to take effect on July 1.

J.D. Davidson and Alton Wallace contributed to this story.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Men of Color Expo 2026 – Celebrating Men of...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Census Bureau plans 2030 count as 2020 lawsuit continues

(The Center Square) – The Census Bureau is planning...

America 250: Celebrating presidential pets

As Americans commemorate the 250th anniversary of American independence,...

Exclusive: Group warns labor bill allows govt takeover of union contract negotiations

Bipartisan legislation meant to speed up first-time union contracts...

Illinois congresswoman critical of mail cutbacks as USPS runs low on funds

(The Center Square) – A congresswoman from Illinois has...

New School choice program bringing hope to children, parents, pastors say

(The Center Square) – Texas’ new school choice program...

House passes Mary Miller’s bill to stop childcare fraud

(The Center Square) – The U.S. House of Representatives...

Before The World Forgot: A Look At The Women Who’ve Advanced Society

Throughout history, the female trailblazers who have made monumental...

‘Pass the bills’ manufactured homeowners chant in Harrisburg

(The Center Square) – Residents, lawmakers, and affordable housing...

More like this
Related

Census Bureau plans 2030 count as 2020 lawsuit continues

(The Center Square) – The Census Bureau is planning...

America 250: Celebrating presidential pets

As Americans commemorate the 250th anniversary of American independence,...

Exclusive: Group warns labor bill allows govt takeover of union contract negotiations

Bipartisan legislation meant to speed up first-time union contracts...

Illinois congresswoman critical of mail cutbacks as USPS runs low on funds

(The Center Square) – A congresswoman from Illinois has...