Midwest Gasoline Prices Rise Following Shutdown at ExxonMobil Illinois Refinery
Bulk gasoline prices in the Chicago area have experienced a significant surge following the shutdown of a key unit at ExxonMobil's (XOM) 275,000-barrel refinery in Joliet, Illinois. The disruption affects a production capacity of approximately 50,000 barrels per day. The supply interruption poses a potential threat to retail fuel prices for consumers in Michigan and Ohio. This volatility occurs at a sensitive political juncture, less than two weeks before the U.S. midterm elections.
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