Gas prices shooting up in Milwaukee area
MILWAUKEE - If you haven't noticed it already, you will soon.: gas prices have shot up around the area.
"Milwaukee's average is up 32 cents/gallon just in the last week," explained Gasbuddy.com's Patrick DeHaan on Newsradio 620 WTMJ's "Wisconsin's Morning News.'
He says there are a number of problems with supply in our area.
Three refineries in Chicago are all reporting separate problems, and a pipeline that carries oil from Canada to Chicago sprung a leak in central Wisconsin and is currently shut down.
"That pipeline supplies Chicagoland refineries with crude oil, and without crude oil, you can't make gasoline," explained DeHaan.
That's led to a concerning problem.
"Basically, there are more people looking to buy gasoline than there are refineries that have it themselves," said DeHaan. "Buyers are outnumbering sellers, and that's why the price is going up."
The result is quickly rising prices.