Refinery Problems Keeping Gas Prices High, Analysts Say Relief in Sight

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Published on June 5 2013 8:54 pm
Written by Wayne Moran

Gas prices in Illinois and other parts of the Midwest have been going up as prices around the rest of the nation are falling.

Industry analysts say refinery problems, weather and taxes have combined to drive average prices up to four-dollars-per-gallon and higher. Analysts say the conversion of a BP refinery in Whiting, Indiana, to handle cheaper Canadian crude has cut its production and reduced supply in the region. They predict supplies should return to normal later this month.

Until then, prices could march higher, especially if flooding and other weather-related issues continue.