In places around Wisconsin, we’ve seen prices nearing four dollars a gallon and some places higher. We spoke with a Petroleum Analyst from gasbuddy.com who said that the 40 cent price jump may get a little worse before it gets better.
Production problems at major refineries in the Midwest, high corn prices, lack of ethanol, and a mixed of two broken pipelines have accounted for the price hike.
One of those broken lines is in Adams County. Repairs have been made, but the company is waiting for Federal approval before starting back up.
Pat Dehaan, Senior Petroleum Analyst from gasbuddy.com said, “Canadian company Enbridge today submitted to the Federal Government an improvement plan because of problems they’ve had recently and now they are just waiting.”
I’m told that there is no estimate on when the line will be restarted. The Federal Government is making sure that Enbridge corrects its problems because this isn’t the first spill that’s leaked thousands of gallons.
The companies first spill was in 2010. Sources say that some places will reach four dollars a gallon, but that it’s not likely the prices will continue to rise rapidly. The prices are expected to even out around mid to late September.