Significant Shutdown at Illinois Refinery Leads to Surge in Fuel Costs

Buzzline

The Joliet refinery operated by Exxon in Illinois remains non-operational following damaging weather events on September 13, which impacted Exelon power lines and caused flooding that incapacitated a pump. There is currently no confirmed timeline for resuming operations. This facility, with a capacity of 275,000 barrels per day, generates 11 million gallons of gasoline and diesel every day, accounting for approximately 6% of the refining capacity in the Midwest and nearly 10% of the fuel supply for the Chicago area. Diesel prices in Illinois have already reached $6.50 per gallon, while regular gasoline in Chicago is priced at $5.14, compared to the national average of $4.47. Experts caution that an extended closure could result in gasoline prices in the Midwest exceeding $6 per gallon in certain regions, including Illinois, Indiana, Michigan, and Wisconsin. Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.  ai-generated

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00:00A single power outage at one Illinois refinery is now pushing gas prices towards $6 a gallon

00:05across the Midwest. Exxon's Joliet, Illinois refinery remains offline. After severe weather

00:11on September 13th, damaged power lines and flood water overwhelmed a pump. And the company still

00:17has no firm restart date more than a week later. The 275-some barrel-a-day plant normally produces

00:2311 million gallons of fuel daily, about 6% of all Midwest refining capacity, and roughly

00:3010% of Chicago's fuel supply alone. Illinois diesel has already climbed to $6.50 a gallon.

00:36Chicago regular gasoline sits at $5.14, and the national average is $4.47. Analysts warn that

00:43if the shutdown drags on, prices could push past $6 in parts of Illinois, Indiana, Michigan,

00:49and Wisconsin, hitting drivers region-wide as fall travel ramps up. Disclosure. This video

00:54contains stock footage and content created or enhanced using AI-assisted tools.

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