Illinois pipeline leak stopped; gas prices already up 34 cents/gallon

[Newsjock]

Source: Associated Press

Crews on Monday removed a 12-foot section of pipe at the site of an oil spill outside Chicago that led to a spike in regional gasoline prices, but it could take weeks to clean up the contamination, federal officials said.

... The 34-inch oil pipeline, which runs 465 miles from Superior, Wis., to Griffith, Ind. -- and owned by the same company whose pipeline spilled oil into a southern Michigan waterway in July -- was five feet underground. The oil that was pushed to the surface reached a retention pond and the town's wastewater treatment plant, said Sam Borries, the U.S. Environmental Protection Agency's on-scene coordinator.

... The spill pushed wholesale and retail gasoline prices higher, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.

... Kloza said motorists in Warren, Ind., have been stung with the biggest retail price hikes. Pump prices there have soared 34.7 cents per gallon since Sept. 1. Boyd, Ky., saw an increase of 34.3 cents per gallon in the same time, and Hillsdale, Mich. saw prices jump 32.4 cents per gallon.

Read more: http://finance.yahoo.com/news/Ill-oil-pipeline-leak-stopped-apf-3153034620.html?x=0&sec=topStories&pos=2&asset=&ccode=

[3waygeek]

1. Down here in Atlanta, gas prices went up 10 cents

today -- we're about 800 miles from the pipeline.

[tritsofme]

2. I've been out of the loop, I was wondering why gas went up so quickly

I filled up for $3.07/gallon yesterday.

[oneshooter]

3. I filled up this evening at $2.29.9 a gallon. n/t