Midwest takes brunt of rising gas prices

Midwest takes brunt of rising gas prices

Spread the love

(The Center Square) – Midwestern states, Indiana, Ohio and Michigan in particular, were hit harder in the past week by rising gasoline prices, according to a national price tracking website.

The five states with the largest increases in gas prices were all in the Midwest, led by Indiana and followed by Ohio, Michigan, Illinois and Wisconsin, GasBuddy posted on X Monday.

Indiana had an increase of 83.2 cents in the previous week, GasBuddy said. That brought the average price of a gallon of gasoline to nearly $5 at $4.82.

Ohio saw a 78.1 cent per gallon spike, followed by Michigan, Illinois and Wisconsin, giving the Midwest a sweep of the top five.

“Gasoline prices rose in every state over the last week, with some of the most significant and fastest increases concentrated in the Great Lakes, where states like Michigan, Indiana, Ohio and Illinois saw sharp spikes, while Wisconsin experienced more modest gains,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement.

Refinery outages were partly to blame for higher prices in the Midwest, said De Haan.

“While refinery outages were a key driver behind those outsized increases, early signs of improvement could help ease some of the most extreme price pressures in the Great Lakes in the days ahead,” he said.

The military conflict in Iran remains a factor with President Donald Trump announcing a plan to free stranded ships in the region. OPEC+ also announced plans to increase oil production next month.

“However, with so many moving pieces, the outlook remains highly fluid, and while some localized relief may emerge, broader price volatility is likely to persist in the near term,” DeHann said.

For now, the key word is uncertainty, the analyst said.

“Looking ahead, volatility is likely to remain elevated,” he wrote. “With diplomatic efforts faltering and tensions showing few signs of easing, traders will continue to react swiftly to geopolitical developments. As long as uncertainty surrounds supply – especially in critical regions and transit routes – oil prices are likely to remain supported, with sharp swings possible as markets navigate an increasingly fragile and headline-driven environment.”

Nationally, the average gas price is $4.54 per gallon, significantly up over the last week.

Leave a Comment





Latest News Stories

Incumbents survive Indiana U.S. House challenges

Incumbents survive Indiana U.S. House challenges

By Andrew RiceThe Center Square Incumbent U.S. House candidates from Indiana held on to party nominations Tuesday, despite intense pressure from challengers. District 4 Rep. Jim Baird survived a primary...
Incumbents survive Indiana U.S. House challenges

Incumbents survive Indiana U.S. House challenges

By Andrew RiceThe Center Square Incumbent U.S. House candidates from Indiana held on to party nominations Tuesday, despite intense pressure from challengers. District 4 Rep. Jim Baird survived a primary...
Ohio voters pick candidates for November election

Ohio voters pick candidates for November election

By Andrew RiceThe Center Square Ohio voters elected party representatives for governor, U.S. House of Representatives and U.S. Senate on Tuesday. The election was the first since the Ohio legislature...
Ohio voters pick candidates for November election

Ohio voters pick candidates for November election

By Andrew RiceThe Center Square Ohio voters elected party representatives for governor, U.S. House of Representatives and U.S. Senate on Tuesday. The election was the first since the Ohio legislature...
'Project Freedom' paused while U.S., Iran try to negotiate a deal

‘Project Freedom’ paused while U.S., Iran try to negotiate a deal

By Sarah Roderick-FitchThe Center Square More than a day after its implementation, “Project Freedom,” a U.S. operation to safely escort commercial ships through the Strait of Hormuz, has been put...
Colorado House votes for credit card fee reduction

Colorado House votes for credit card fee reduction

By Liam HibbertThe Center Square Legislation to reduce credit card fees on purchases is a step closer to final passage in Colorado with proponents saying it will help small businesses...
Rubio confirms Epic Fury over; U.S. responding defensively in Strait of Hormuz

Rubio confirms Epic Fury over; U.S. responding defensively in Strait of Hormuz

By Morgan SweeneyThe Center Square Secretary of State Marco Rubio said Tuesday afternoon that Operation Epic Fury was concluded – similar to what the president has said in his communications...
Department of Employment Security faces questions about fraud recoveries

Department of Employment Security faces questions about fraud recoveries

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The director of the Illinois Department of Employment Security says his agency has changed its processes in...
Poll: Majority of voters dissatisfied with economy, prices

Poll: Majority of voters dissatisfied with economy, prices

By Andrew RiceThe Center Square More than half of Americans said they are at least somewhat dissatisfied with the overall economy, according to a new poll. The poll, conducted by...
Illinois Quick Hits: State rep says megaprojects bill usable for Chicago

Illinois Quick Hits: State rep says megaprojects bill usable for Chicago

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – State Rep. Kam Buckner, D-Chicago, says his megaprojects legislation is a directly usable tool for the city...
Tax hikes alone won't fully address US debt, report finds

Tax hikes alone won’t fully address US debt, report finds

By Brett RowlandThe Center Square No tax proposal before Congress would be sufficient on its own to put the federal debt on a sustainable long-term path, according to a new...
House GOP says Dems ignoring ‘realistic’ property tax relief plans

House GOP says Dems ignoring ‘realistic’ property tax relief plans

By Sean Reed | The Center SquareThe Center Square (The Center Square) – As the clock continues to tick toward the end of the legislative session in Springfield, Republican lawmakers...
Chicago mayor to push for local funding, keeping Bears

Chicago mayor to push for local funding, keeping Bears

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – As he travels to Springfield to lobby for state funding of local governments, Chicago Mayor Brandon Johnson...
Doctors warn CMS proposal could weaken colorectal cancer screening standards

Doctors warn CMS proposal could weaken colorectal cancer screening standards

By Tom JoyceThe Center Square Doctors have voiced concerns about a proposed rule from the Centers for Medicare & Medicaid Services that would expand Medicare coverage for some colorectal cancer...
Senate Republicans unveil $72 billion budget package to fund ICE, CBP

Senate Republicans unveil $72 billion budget package to fund ICE, CBP

By Thérèse BoudreauxThe Center Square Republicans are forging ahead with legislation to fund Immigration and Customs Enforcement and Customs and U.S. Border Patrol along party lines. The two Senate committees...