Skip to main content
Updated:
Original:

Gas prices spiked by up to 20 cents overnight in Minnesota – here's why

Author:

Motorists are facing short-term pain at the pumps with a sudden spike in gas prices set to continue in the coming weeks.

According to GasBuddy, the average price of unleaded in the Twin Cities on Thursday is $2.67 per gallon – a 20 cent rise on the $2.47 it was Wednesday – while in the rest of Minnesota the average is 12 cents higher at $2.60.

The reason? GasBuddy says it's down to the partial shutdown of the BP Whiting oil refinery near Chicago – which is causing a "dramatic pop" in prices across the Midwest.

Gasoline inventories in the Midwest have fallen by 900,000 barrels since the region's biggest refinery shut down its largest unit, slicing production in half, with FOX 9 reporting this has seen gas prices spike by as much as 40 cents in Michigan.

Experts told the TV station that the refinery's partial closure is a "speed bump," but one that should only be temporary – with lower gas prices expected to return through the fall and into the holiday season.

In the meantime things will get pricier, with KARE 11 reporting average prices are likely to jump to $2.79 per gallon in the Twin Cities in the coming days.

It comes less than a week after prices of regular unleaded dropped under $2 a gallon in some parts of Minnesota, with the Duluth News Tribune reporting the lowest in the state was $1.91 in Rochester – prior to the BP refinery shutdown.

According to NBC News, a 250,000 barrel-per-day crude distillation unit at the refinery – in Indiana near the Illinois border – went down with a mechanical problem, impacting not only gas production but also asphalt and jet fuel.

Next Up

plow, snowplow, snow

Plowable snow possible this weekend in Minnesota

Up to half a foot of snow could fall within the heaviest band.

Best Buy - jjbers, Flickr

Police reveal new details about 'coordinated' Best Buy thefts

A large group stole thousands of dollars in merchandise from three Twin Cities Best Buy stores.

Seven Points exterior - 2

New tenant revealed for former Libertine spot in Uptown

The space will combine playful art offerings with a restaurant.

white Christmas

What are Minnesota's chances of a white Christmas this year?

The Twin Cities averages a white Christmas about 3 out of every 4 years.

ilhan omar press conference voicemail screengrab 11.30.21

'You will not live much longer b***': Rep. Omar shares threatening voicemail

Omar's office received the call hours after Rep. Boebert posted her video about the MN congresswoman.

Screen Shot 2021-12-01 at 11.24.09 AM

ESPN's 'Booger' makes fun of Wild fans' record cup snake

He's the same guy who thought the "Minneapolis Miracle" was bad for the Vikings.

brian ingram

Woodfired Cantina closes at Keg and Case in St. Paul

Restaurateur Brian Ingram is focusing on growing his other concepts.

giant bear

Video: 'THE fattest bear we have ever seen' spotted on MN trail camera

"This might be THE fattest bear we have ever seen in our area," researchers said.

u.s. attorney

Guilty plea from man who stockpiled guns, equipment to make bombs, drugs

Prosecutors say he had multiple guns, items to make weapons and pipe bombs, and lab equipment to make drugs.

polaris Ranger XP Kinetic

Here is Polaris' new electric Ranger off-road vehicle

The Minnesota-based company unveiled the electric UTV on Wednesday.

Related