Gas Prices Expected To Drop After BP Announcement
Great news just in time for Labor Day. Gas prices are expected to continue to drop after BP announced the restarting of a closed crude distillation unit at its Whiting, Ind., refinery. Just how much of a drop?
According to ABC7 Chicago, BP announced in a statement Tuesday morning the largest crude distillation unit at its northwest Indiana refinery, closed since Aug. 8, has restarted.
Apparently, Illinois Attorney General Lisa Madigan and Mayor Rahm Emanuel sent requests demanding an explanation from the Oil Council for the spike in gas prices, claiming the BP outage does not explain the entirety of the price jump.
AAA expects the average price in Illinois to drop below $3 a gallon by the end of the week, Mosher said. Illinois is currently the only state in the Midwest with an average price still above $3 a gallon.
Gas prices have already started to fall in the Stateline area with this announcement.