Prices At Pump May Spike Within Next 48 Hours
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DETROIT (WWJ)- Expect to pay more for gas as soon as Tuesday, with an expected increase of 10 to 30 cents within the next 48 hours and stay that high for several weeks, according to Analyst Patrick DeHaan of Gas Buddy.com.
DeHaan says the increase is being blamed on a problem with a refinery in Chicago.
“Exxon Mobil says that they suffered an unexpected refinery issue at their facility outside of Chicago, that has caused concern about supply and going into the Memorial Day weekend and that is pushing up wholesale gasoline prices, stations already paying a higher price than they were last week,” says DeHaan.
“I do agree, it’s fairly uncommon, it’s kind of suspect that this incident would occur just several days before the Memorial Day weekend,” says DeHaan.
Dehaan expects the higher prices to last for several weeks.