Midwest takes brunt of rising gas prices

Midwest takes brunt of rising gas prices

Spread the love

(The Center Square) – Midwestern states, Indiana, Ohio and Michigan in particular, were hit harder in the past week by rising gasoline prices, according to a national price tracking website.

The five states with the largest increases in gas prices were all in the Midwest, led by Indiana and followed by Ohio, Michigan, Illinois and Wisconsin, GasBuddy posted on X Monday.

Indiana had an increase of 83.2 cents in the previous week, GasBuddy said. That brought the average price of a gallon of gasoline to nearly $5 at $4.82.

Ohio saw a 78.1 cent per gallon spike, followed by Michigan, Illinois and Wisconsin, giving the Midwest a sweep of the top five.

“Gasoline prices rose in every state over the last week, with some of the most significant and fastest increases concentrated in the Great Lakes, where states like Michigan, Indiana, Ohio and Illinois saw sharp spikes, while Wisconsin experienced more modest gains,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement.

Refinery outages were partly to blame for higher prices in the Midwest, said De Haan.

“While refinery outages were a key driver behind those outsized increases, early signs of improvement could help ease some of the most extreme price pressures in the Great Lakes in the days ahead,” he said.

The military conflict in Iran remains a factor with President Donald Trump announcing a plan to free stranded ships in the region. OPEC+ also announced plans to increase oil production next month.

“However, with so many moving pieces, the outlook remains highly fluid, and while some localized relief may emerge, broader price volatility is likely to persist in the near term,” DeHann said.

For now, the key word is uncertainty, the analyst said.

“Looking ahead, volatility is likely to remain elevated,” he wrote. “With diplomatic efforts faltering and tensions showing few signs of easing, traders will continue to react swiftly to geopolitical developments. As long as uncertainty surrounds supply – especially in critical regions and transit routes – oil prices are likely to remain supported, with sharp swings possible as markets navigate an increasingly fragile and headline-driven environment.”

Nationally, the average gas price is $4.54 per gallon, significantly up over the last week.

Leave a Comment





Latest News Stories

Americans could face 'sticker shock' as once-small tax exemption ends

Americans could face ‘sticker shock’ as once-small tax exemption ends

By Brett RowlandThe Center Square Americans could be in for a surprise when a nearly century-old trade rule that allowed shoppers to avoid President Donald Trump's tariffs expires on Friday....
'Pro-taxpayer' law requires operators to clean up abandoned Illinois oil wells

‘Pro-taxpayer’ law requires operators to clean up abandoned Illinois oil wells

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A state lawmaker says recently-signed legislation will ensure that Illinois taxpayers don’t foot the bill for cleaning...
Watch: Cook County gun ban plaintiffs petition SCOTUS; Pritzker hasn’t heard from White House

Watch: Cook County gun ban plaintiffs petition SCOTUS; Pritzker hasn’t heard from White House

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop gets to the...
Illinois quick hits: Man on pretrial release accused of murder; holiday weekend impaired driving patrols

Illinois quick hits: Man on pretrial release accused of murder; holiday weekend impaired driving patrols

By Jim Talamonti | The Center SquareThe Center Square Man on pretrial release accused of murder After reportedly violating curfew dozens of times while wearing an ankle monitor, a man...
Illinois quick hits: Gun ban challengers petition SCOTUS; man sentenced for COVID fraud

Illinois quick hits: Gun ban challengers petition SCOTUS; man sentenced for COVID fraud

By Jim Talamonti | The Center SquareThe Center Square Gun ban challengers petition SCOTUS The Second Amendment Foundation is asking the U.S. Supreme Court to take a challenge to Cook...
WATCH: Trump: Illinois’ 'slob of a governor' should call for help with public safety

WATCH: Trump: Illinois’ ‘slob of a governor’ should call for help with public safety

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker says he has not received communication from the federal government about potential troop...
WATCH: Legislator says Illinois’ child welfare agency uses interns, has legal exposure

WATCH: Legislator says Illinois’ child welfare agency uses interns, has legal exposure

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – An Illinois state legislator insists the state’s child welfare agency is violating the law by using interns...
Economic index shows reduced uncertainty, more stability in Midwest

Economic index shows reduced uncertainty, more stability in Midwest

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Federal Reserve Bank of Chicago’s Survey of Economic Conditions Activity Index suggests more stability and less...
New law sparks debate over Illinois school mergers, communities fear loss

New law sparks debate over Illinois school mergers, communities fear loss

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – A new law that could push school districts to study possible consolidation, aiming for efficiency and...
jackson township graphic.1

Joliet Plan to Barricade Millsdale Road Will Reroute Jackson Township Traffic

Article Summary: The City of Joliet plans to permanently barricade Millsdale Road at its railroad crossing, creating a cul-de-sac that will divert traffic in Jackson Township onto Manhattan Road. Jackson...
Trump proposes returning death penalty to D.C.

Trump proposes returning death penalty to D.C.

By Sarah Roderick-FitchThe Center Square Capital punishment could be returning to Washington, D.C., as President Donald Trump announced during a cabinet meeting on Tuesday. “Anybody murders in the capital? Capital...
WATCH: IL Hospital Association: $50B rural hospital fund ‘woefully inadequate’

WATCH: IL Hospital Association: $50B rural hospital fund ‘woefully inadequate’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker continues sounding the alarm over federal health care subsidies as the White House...
Arizona, Nevada pay less at the pump than California

Arizona, Nevada pay less at the pump than California

By Zachery SchmidtThe Center Square Gas prices in Arizona and Nevada are cheaper than in California for several reasons, according to American Automobile Association spokesperson John Treanor. Factors vary from...
EEOC celebrates 200 days of protecting religious freedom under Trump

EEOC celebrates 200 days of protecting religious freedom under Trump

By Tate MillerThe Center Square The Equal Employment Opportunity Commission is celebrating the ways they’ve protected religious freedom in the workplace over Trump’s past 200 days in office. “These efforts...
WCO Board Aug 21.4

After Initial Rejection and Tense Debate, Board Reconsiders and Approves Contested DuPage Township Business

Article Summary: In a rare reversal, the Will County Board approved a special use permit for a landscaping business in a residential area of DuPage Township after the measure initially...