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Wintrust Business Minute: ExxonMobil power outage could cause gas prices to spike
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Gas prices could spike in the Chicago area after a power outage impacted the ExxonMobil refinery near Joliet. Damaged transmission towers have been fixed but it’s unclear whether power’s been fully restored to the facility. It lost service for several days. Gasoline futures for the Chicago area shot up nearly 15 cents and GasBuddy.com says prices at the pump could jump 20 to 40 cents in the Great Lakes region as a result. There are three refineries in the Chicago area and when one of them goes down, analysts say there is little to no cushion of extra supply in the area.
Also, United Airlines says its third-quarter profit will fall short of Wall Street expectations. Listen for more below:
https://serve.castfire.com/audio/5350531/5350531_2024-07-18-173231.64kmono.mp3
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By wgnradio.com
4.5
88 ratings
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Gas prices could spike in the Chicago area after a power outage impacted the ExxonMobil refinery near Joliet. Damaged transmission towers have been fixed but it’s unclear whether power’s been fully restored to the facility. It lost service for several days. Gasoline futures for the Chicago area shot up nearly 15 cents and GasBuddy.com says prices at the pump could jump 20 to 40 cents in the Great Lakes region as a result. There are three refineries in the Chicago area and when one of them goes down, analysts say there is little to no cushion of extra supply in the area.
Also, United Airlines says its third-quarter profit will fall short of Wall Street expectations. Listen for more below:
https://serve.castfire.com/audio/5350531/5350531_2024-07-18-173231.64kmono.mp3
Recent Posts
Wintrust Business Lunch
Energy prices, AI search engine, building wealth
.cls-7{fill:#fff;fill-rule:evenodd}
Sept. job report, the price of gold & Holiday Heroes
.cls-7{fill:#fff;fill-rule:evenodd}
McDonald’s to offer Chicken Big Mac for limited time
.cls-4{fill:#000;}
How to stress less about finances; Long Grove Oktoberfest
.cls-7{fill:#fff;fill-rule:evenodd}
Terry Savage: Self-discipline is essence of decision making
.cls-7{fill:#fff;fill-rule:evenodd}
Click for more
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