Gas Prices Skyrocket Due to Refinery Problems, Corn Prices
Officials with AAA report that gas prices will remain steady through August with a slight increase possible.
Record corn prices and refinery problems in Indiana and Illinois caused gas prices to spike at the end of July in the Chicago area and around the Midwest. The major price increase was the first since March and the largest July increase experienced since about 2000, according to AAA. The national average gas price increased 5.1 percent or 17 cents a gallon during the month of July. Overall, prices were generally down during the month of July in the Chicago area, with gas prices averaging about $3.60 in the Chicago area, according to AAA Chicago. Prices increased significantly at the end of the month due to refinery problems "Illinois, Indiana and states in the Midwest have seen prices rise since last week due to production issues at the BP…
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