Iowa Gas Prices could Jump

Fuels analysts fear gasoline prices in Iowa could be about to jump following recent problems at three refineries in the Midwest region.

That comes after more than two months of steady gas price declines in the state. Rose White, spokeswoman for Triple-A-Iowa, says there was a big fire at a major refinery in Coffeyville, Kansas, on July 29th…

“Repairs are expected to take about four weeks. Also, there’s some reported problems at a refinery in Whiting, Indiana, as well as one in El Dorado, Kansas.”

An interruption at one regional refinery might not be so bad, but she says slow-downs or complete halts at three Midwestern fuel facilities could spell a price hike due to reduced supply…
“The good news is, there is a good supply already built up in the inventory levels,” White says. “This might provide some cushion and help prevent severe spikes.”

Iowa’s been seeing prices at the pump drop steadily since early June, but White says that could be about to end, even though demand is starting to drop off with the end of the summer driving season.