UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

U.S. Midwest paying top dollar for gas

|
 
Published: Feb. 1, 2013 at 8:07 AM

ANN ARBOR, Mich., Feb. 1 (UPI) -- Higher crude oil prices and a fire that closed a refinery in Ohio are leading to gasoline price spikes in the U.S. Midwest, market analysts say.

Fuel price monitoring website gasbuddy.com reports the average price for a gallon of regular unleaded gasoline in Michigan was $3.68. Motor group AAA reports a state average Friday of $3.62, compared with a national average of $3.46. For Ohio commuters, AAA reports the average at $3.54.

Patrick DeHaan, lead analyst at gasbuddy, told Michigan Public Radio the gas spike was seasonally "unprecedented."

DeHaan said regional markets were reacting to higher crude oil prices. Bloomberg News last week said West Texas Intermediate crude oil was on a run not seen since 2009. Brent crude oil prices for March delivery were up 0.27 percent, meanwhile, at $115.86.

DeHaan added that a fire at a Toledo, Ohio, refinery was adding to regional strains.

Cindy Antrican, an AAA representative for Ohio, told the Springfield (Ohio) News-Sun the region is "riding the roller coaster" in terms of gasoline prices.

PBF Energy closed its Toledo refinery Wednesday following an explosion there. Antrican said further price increases were expected as area refineries close for maintenance as they prepare to shift to summer gasoline blends.

DeHaan described the gasoline price increase as "mind-blowing." Some Michigan markets in January saw gasoline prices at around $3 per gallon.

Topics: Brent Crude
Recommended Stories
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
Immigration rally in Washington, D.C. MTV Movie Awards Cherry Blossoms in Washington, D.C.
Miss NY USA crowns ASPCA King and Queen Academy of American Country Music Awards 2013: Celebrity break ups and divorces
Additional Energy Resources Stories
1 of 20
Prince Harry arrives on Capitol Hill in Washington
View Caption
Prince Harry arrives on Capitol Hill to tour a photography exhibit by HALO Trust, a British nonprofit focused on removing hazardous war debris, including un-exploded devices and landmines, on May 9, 2013 in Washington, D.C. UPI/Kevin Dietsch
fark
Radioactive products from the last century: toothpaste, chocolate, suppositories. What were we thinking?...
School dedicates a portion of its website to a student who just died. Fark: And that's how the parents...
A man probably had a brief moment of joy when he gave the slip to the sheriff's deputy chasing him....
Giant 50-foot magnet makes cross-country trek, as well as quite an attraction
Florida restaurant pulls controversial lion tacos off the menu after huge uproar
Photoshop this red army