Midwest gas prices expected to drop, as more fuel supply enters the market this week.
Gas prices in the Midwest should return to normal soon after they soared over the past two weeks following a BP refinery shut down.
On Tuesday, BP announced that its crude distillation unit at its Whiting, Ind., facility was back online. BP had shut down the crude distillation unit—the largest of three—for repairs on Aug. 8. As a result, the refinery, which can process 19 million gallons of refined fuel per day, operated at less than half of capacity, the Chicago Tribune reported.
Now that the crude distillation unit is up and running again, pump prices should be falling soon.
At a BP station on North LaSalle Street in Chicago, manager Shakeel Khan told the Chicago Tribune that gas prices were down 20 cents on Tuesday, to $3.29 a gallon for regular unleaded, and were likely to drop another 40 cents this week.