ROXANA — Gas prices could jump as much as 20 cents per gallon soon after the Illinois Emergency Management Agency reported a "flaring event" Wednesday at a refinery in Roxana, according to a GasBuddy alert.
The outage at the Wood River Refinery was reported in a GasBuddy alert Wednesday that said wholesale gasoline prices jumped 10 cents a gallon on the news.
"But due to the 'price cycling' behavior that takes place in the region in which stations constantly undercut each other, prices may rise much more than that as stations not only pass along the higher wholesale price, but also restore their depleted margin that was sacrificed by the undercutting," GasBuddy said in the alert.
Prices in the Twin City area Thursday morning ranged from $2.46 to $2.69 a gallon.
Motorists in Michigan, Indiana, Ohio, elsewhere in Illinois and in areas of Kentucky, Wisconsin and West Virginia also expected gas prices to spike Thursday or Friday — to $2.65 to $2.79 per gallon as a result, GasBuddy noted.
Wood River Refinery is jointly owned by Phillips 66 and Cenovus Energy. According to Phillips 66, the refinery produces a high percentage of transportation fuels, such as gasoline, diesel and aviation fuels.
Roxana is in Madison County, just north of Granite City.