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Posted: Saturday, 28 December 2013 6:20AM

GasBuddy Analyst: Refinery Problems, Good Economy To Blame For Pump Price Spike



Gas prices are around $3.50 a gallon in Southwest Michigan after a roughly 30-cent jump right after Christmas. Some refinery issues are to blame, but GasBuddy.com analyst Patrick DeHaan says good economic news also pushed wholesale gasoline prices - which is what the retailers pay - higher by the same three dimes a gallon this week.

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GasBuddy.com puts the average price in both Michigan and Indiana at $3.44 and $3.40 in Illinois. Michigan's lowest price as of Saturday morning is $3.03 at a Costco in Auburn Hills, while prices in Illinois range wildy from a low of $2.68 in Christopher, which is roughly 90 or so miles southeast of St. Louis, to $3.91 in Hinsdale in the Chicago suburbs.

   

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