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While the BP oil spill in the Gulf didn't send pump prices up, it has left little wiggle room when something else went wrong.
CHICAGO - Chicago-area motorists learned when they drove to the gas pump this week that, in this post-BP-blowout world, a small hiccup such as the Romeoville oil spill can trigger profound changes in the global oil market.
Gasoline prices have jumped nearly 16 cents in Chicago and more than 10 cents across the Midwest since last week, a reaction to Enbridge Energy Partners temporarily shutting down a three-mile section of oil pipeline near Romeoville that ruptured six days ago. Though the cause of the burst is unknown, work crews excavating the damaged pipe on Monday found a 2-inch hole they believe is the culprit.
Estimates vary wildly on how much oil was lost since the spill was discovered the Thursday morning of Sept. 9 and capped Sunday night. The Illinois Environmental Protection Agency has received reports ranging from 256,000 gallons to 670,000 gallons, ranking it among the worst oil spills in Chicagoland over the last 20 years.
http://www.startribune.com/business/103086504.html
Gasoline prices have jumped nearly 16 cents in Chicago and more than 10 cents across the Midwest since last week, a reaction to Enbridge Energy Partners temporarily shutting down a three-mile section of oil pipeline near Romeoville that ruptured six days ago. Though the cause of the burst is unknown, work crews excavating the damaged pipe on Monday found a 2-inch hole they believe is the culprit.
Estimates vary wildly on how much oil was lost since the spill was discovered the Thursday morning of Sept. 9 and capped Sunday night. The Illinois Environmental Protection Agency has received reports ranging from 256,000 gallons to 670,000 gallons, ranking it among the worst oil spills in Chicagoland over the last 20 years.
http://www.startribune.com/business/103086504.html