Gas prices to fall after Whiting refinery restarts unitGentlemen, start your engines.[14 hours ago] Motorists should expect some relief at the pump because the BP Whiting Refinery has fixed a crude distillation unit that caused gas prices to spike across the Midwest when it went offline two weeks ago.
Gas prices are expected to plunge, but not as fast as they climbed when the markets learned the BP Whiting Refinery, the largest in the Midwest, would not be able to produce as much fuel as normal. The 250,000-gallon-a-day crude distillation unit is the largest of three at the refinery....
Prices could drop by up to 50 cents a gallon over the next two weeks....
Prices will fall more gradually than they rose because gas station operators will be careful about dropping retail prices to make up for the profits they lost when wholesale prices skyrocketed, [senior petroleum analyst Patrick DeHaan] said....
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