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

Bill to tax global profits from Illinois meets opposition protesting 'double tax'

Bill to tax global profits from Illinois meets opposition protesting ‘double tax’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Multinational corporations that do business in Illinois would be taxed more to fund public education under a...
Bill to tax global profits from Illinois meets opposition protesting 'double tax'

Bill to tax global profits from Illinois meets opposition protesting ‘double tax’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Multinational corporations that do business in Illinois would be taxed more to fund public education under a...
Analysis finds short-term stability, lack of long-term growth in state budget

Analysis finds short-term stability, lack of long-term growth in state budget

By Sean Reed | The Center SquareThe Center Square (The Center Square) – New analysis of the proposed Illinois budget for the coming year revealed the spending plan to be...
Analysis finds short-term stability, lack of long-term growth in state budget

Analysis finds short-term stability, lack of long-term growth in state budget

By Sean Reed | The Center SquareThe Center Square (The Center Square) – New analysis of the proposed Illinois budget for the coming year revealed the spending plan to be...

WATCH: Let’s Go Washington launching initiative to repeal income tax

By Carleen JohnsonThe Center Square Let’s Go Washington on Friday announced they have received their initiative ballot titles from the office of Washington State Attorney General Nick Brown, as the...
Ferguson first WA governor found in violation of ethics laws in over 30 years, state website shows

Ferguson first WA governor found in violation of ethics laws in over 30 years, state website shows

By Tim ClouserThe Center Square Gov. Bob Ferguson is the first Washington governor in more than 30 years to be found in violation of the state's executive ethics law, according...
Court strikes tariff, Trump moves ahead with replacement

Court strikes tariff, Trump moves ahead with replacement

By Brett RowlandThe Center Square President Donald Trump's administration signaled Friday it intends to appeal a federal trade court's ruling striking down his 10% global tariff as unlawful, while simultaneously...
Court strikes tariff, Trump moves ahead with replacement

Court strikes tariff, Trump moves ahead with replacement

By Brett RowlandThe Center Square President Donald Trump's administration signaled Friday it intends to appeal a federal trade court's ruling striking down his 10% global tariff as unlawful, while simultaneously...
North Dakota Supreme Court sides with Energy Transfer in Greenpeace fight over Dutch lawsuit

North Dakota Supreme Court sides with Energy Transfer in Greenpeace fight over Dutch lawsuit

By Tom JoyceThe Center Square The North Dakota Supreme Court ruled this week that Greenpeace International cannot keep pursuing most of its lawsuit against Energy Transfer in the Netherlands as...
SNAP cuts, Illinois payment errors spark fierce debate

SNAP cuts, Illinois payment errors spark fierce debate

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A Democratic state senator says the federal government is to blame for 150,000 Illinoisans losing Supplemental Nutrition...
Op-Ed: Keeping local leaders happy isn’t worth the housing cost

Op-Ed: Keeping local leaders happy isn’t worth the housing cost

By Christina Sandefur and LyLena D. EstabineThe Center Square Chicago rents have soared to historic highs, but in Phoenix they’re falling. The reason? A greater housing supply. In 2024, Arizona...
Op-Ed: Keeping local leaders happy isn’t worth the housing cost

Op-Ed: Keeping local leaders happy isn’t worth the housing cost

By Christina Sandefur and LyLena D. EstabineThe Center Square Chicago rents have soared to historic highs, but in Phoenix they’re falling. The reason? A greater housing supply. In 2024, Arizona...
Apollo, Gemini sightings revealed in first UAP file drop

Apollo, Gemini sightings revealed in first UAP file drop

By Sarah Roderick-FitchThe Center Square The long-anticipated Unidentified Anomalous Phenomena (UAP) or Unidentified Flying Object (UFO) files have been released by the federal government, showing images and descriptions of unexplained...
BREAKING: GOP turns to Congress after Minnesota Dems block Omar subpoena

BREAKING: GOP turns to Congress after Minnesota Dems block Omar subpoena

By Elyse ApelThe Center Square Minnesota House Republicans want help from U.S. congressional oversight leaders after Democrats on a state committee blocked an effort to subpoena U.S. Rep. Ilhan Omar...
U.S. economy adds 115,000 jobs in April

U.S. economy adds 115,000 jobs in April

By Brett RowlandThe Center Square The U.S. economy added 115,000 jobs in April, about double what economists had forecast, while the unemployment rate held steady at 4.3%, the Bureau of...