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Gas Prices Continue to Rise
CNN Money reported Monday the average price for a gallon of gasoline in America is $3.73. Gas prices in Algonquin and Lake in the Hills are even higher.
Most motorists have noticed that the price of gasoline has done nothing but rise over the past month.
CNN Money reported Monday that the average price for a gallon of regular unleaded gasoline in America has increased more than 13 percent over the past 32 days to $3.73.
As of Tuesday morning, gas prices in Algonquin and Lake in the Hills ranged from $3.95 at many area gas stations to $4.04 at the Marathon station at 2050 E. Algonquin Road, according to GasBuddy.com
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CNN Money is crediting the price increase to a combination of factors including rising crude oil prices, production cuts and refinery closings.
The Chicago Tribune reported last weeka number of refinery issues in the area have affected the gas prices including an overhaul of BP's Whiting refinery and a fire at a refinery in Ohio.
Find out what's happening in Algonquin-Lake In The Hillswith free, real-time updates from Patch.
AAA predicts local refinery issues will continue to push gas prices up in the months to come, according to the Tribune article.
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