The insurgent violence in Iraq and threats to oil facilities there have pushed the price of crude oil to more than $107 per barrel. That has translated to higher gasoline prices, nowhere higher than Chicago.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said even he was surprised at how much gas prices jumped on Thursday, just in the time between when he went to work and when he got home.
Patrick DeHaan, senior petroleum analyst for GasBuddy.com said lingering effects of the harsh winter were to blame for the recent spike in gas prices.
Pain at the pump? CBS 2’s Derrick Blakley tells us what’s behind the latest spike.
Gasoline prices in Chicago are at their highest levels in six months.
Average retail gasoline prices in Chicago have risen 4.8 cents per gallon in the past week, averaging $3.46 on Sunday.
A day after CBS 2’s Ed Curran reported on plummeting gasoline prices, they’ve spiked in a matter of hours. On a day with no new war, no natural disaster, what’s going on?
There were some initial fears the Citgo refinery in Lemont could be shut down completely for six months or more, after a large fire last Wednesday night.
A fire overnight at an oil refinery in southwest suburban Lemont could affect prices at the pump in Chicago.
The mayor of southwest suburban New Lenox has had enough with high gas prices in his town, and he wants to do something about it.
About 2 million people are expected to hit the road for the Labor Day weekend, and in the Chicago area, they’ll be getting a big break on gas prices compared to last year, even though prices made their predictable holiday spike this week.
Experts say the upcoming holiday could be the busiest Labor Day weekend for travel since the start of the recession in 2008.
If you’re planning to drive somewhere for the Fourth of July holiday, the trip will cost you less.
Gas prices nationwide have been holding steady over the last week, at around $3.64 a gallon, but in the Chicago area, prices just keep going up.
With a gallon of regular unleaded now going for an average of $4.70 per gallon, Chicago’s gas prices are even higher than Hawaii’s.
While the temperature may have you confused about what season it is, gas prices will tell you it’s almost summer time, reports WBBM’s Nancy Harty.
In the Chicago area, the AAA says gasoline prices average $4.20 a gallon.
Chicago area gasoline prices have been on a roller coaster the past few weeks. Right now, they’re on the upswing, but analysts don’t expect the increase to last long.
Higher pump prices are partly because of havoc caused by weather-related power outages. Three refineries went down, and two pipelines temporarily were halted.
For the first time this year, Chicago area drivers are seeing some relief at the pump, as gas prices have started going down.