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Refinery issues, global conflict driving up Midwest fuel prices before election

Analysts say the rally reflects refinery disruptions and Middle East unrest, with prices projected to stay above $4 a gallon before Election Day.

  • As of Saturday, October 24, the national average for regular unleaded gas stood at $4.29, according to AAA, amid ongoing geopolitical tensions and refinery disruptions.
  • Geopolitical conflicts in the Middle East and a catalytic reformer shutdown at ExxonMobil's Joliet, Illinois refinery on October 20 have disrupted crude supplies and compounded upward pressure on fuel costs.
  • Motorists in five Midwest states saw prices jump significantly in two days, with Illinois reaching $4.8990 and Michigan hitting $4.8371, reflecting regional supply tightness from the refinery outage.
  • GasBuddy Petroleum Analyst Patrick De Haan ruled out prices falling below $4 before the November 3 general election, citing persistent supply constraints and geopolitical uncertainty.
  • The U.S. Energy Information Administration projects prices will gradually decline in coming months, with the national average potentially falling below $4 in December as seasonal demand drops and refinery production increases.
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44 Articles

The Guam Daily PostThe Guam Daily Post
+14 Reposted by 14 other sources
Center

Gas prices remain high as elections near

(The Center Square) – With the midterm elections a week away and oil flowing through the Strait of Hormuz at prewar levels, gas prices remain high, dropping slightly in the last month.

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South Florida Reporter broke the news in The Villages, United States on Tuesday, October 20, 2026.
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