"Indiana Oil Refinery Closure Sparks Surge in Gas Prices Across Multiple States"
Originally Published 1 year ago — by Fox Business
Gas prices surged by 12 cents per gallon, reaching an average of $3.27, with Ohio experiencing the largest increase at 30 cents, due to the shutdown of BP-Whiting oil refinery in Indiana. The refinery's closure led to supply shortages, causing prices to rise in affected states. Additionally, car insurance premiums are also on the rise, with rates expected to increase by 7% this year, driven by factors such as climate change and more frequent car accidents.