BP line running at severely reduced rate, may rise gas prices - FOX 32 News Chicago

BP line running at severely reduced rate, may rise gas prices

Posted: Updated:
CHICAGO (FOX 32 News) -

You might want to fill up on gas again soon.

There are multiple reports of a gas production problem on a major BP pipeline from Oklahoma to the plant in Whiting, Indiana.

See: BP gas recall expands to IL, IN, MI

There has been no confirmation from BP yet, but that could cause prices to rise again in the coming days.

"We don't know why this is at this point, it's just been reported, but our belief is there could be another refinery problem at the BP plant," says Financial Analyst Phil Flynn.

"Whether there is or there isn't, the reduced amount of crude into the refinery means they aren't going to make as much gasoline as they would."

BP's bad fuel problem may only raise gas prices about one cent, but the other production problems could increase prices an extra ten to fifteen cents, Flynn stated.

Meantime, BP says it has heard from at least 4,500 people who have had car problems, after using BP gas in Northwest Indiana.

BP recalled all of its gas sold in that area last week, but for a lot of drivers, the damage is already done.

For more on the Chicago area gasoline quality issue, visit www.BPresponse.com.

Share Your Photos & Video

Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices