Analysts: Midwest drivers to see lower gas prices
Wed, 12 Jun 2013 10:04:16 GMT —
Analysts say restoration of a major refinery and reconfiguration of another are likely to give motorists in Michigan some relief from the highest gasoline prices in the continental U.S.
The various issues with these refineries are blamed for high gas prices throughout the Great Lakes region.
The average retail price of unleaded gas is $4.20 in Michigan, higher than anywhere else except Hawaii.
Tom Kloza, chief oil analyst at GasBuddy.com, says the worst is over and he doubts Midwest residents will continue paying $1 a gallon more than some parts of the country. He says wholesale prices dropped 20 cents per gallon in the last day, which should lower prices at the pump.