Gas Prices Expected to Rise Due to Tropical Storm Isaac
Gas prices are expected to rise around Wilmette and Kenilworth by as much as 10 cents per gallon or more in the next week as refineries affected by Isaac were taken offline along the Gulf Coast.
Filling up your tank? You may notice a jump in price during the next week.
As tropical storm Isaac intensifies and threatens the Gulf Coast with significant storm surge and hurricane force winds, oil companies with refineries in Louisiana have started to evacuate employees and shut-down operations.
The result will likely mean higher gasoline prices for Wilmette and Kenilworth drivers.
AAA is reporting that it is likely drivers across the country will experience higher gas prices as a result of the tropical storm heading toward the Gulf Coast.
Roughly 1.3 billion barrels a day or 8 percent of the country’s refining capacity was taken offline in preparation of Isaac making landfall in Louisiana, according to a story on the Wall Street Journal Monday.
Prices could rise another 10 cents in the coming week, according to a story on CNN Money.
The nationwide average price of gasoline on Monday was $3.75 a gallon, according to AAA. Closer to home, the agency said the average gallon of gas in Illinois was $3.988.
The cheapest spot around the Wilmette area Thursday morning was at Shell on 3501 Lake Ave., where a gallon of gas was $4.24; the highest price listed was at the BP on Green Bay Road and Lake Avenue, where gas is priced at $4.36 per gallon.