Midwest Drivers May See Gasoline Below a Dollar
- Regional gasoline supplies at 21-year high, EIA shows
- Valero said to cut Memphis refinery runs as gasoline builds
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Drivers in Chicago and other parts of the Midwest may see gasoline prices at the pump fall to 99 cents a gallon as regional stockpiles swell.
Average Illinois retail gasoline prices have dropped 34 percent in the past year to $1.57 a gallon, while Oklahoma motorists can fill up for a $1.36 a gallon, according to GasBuddy Organization. If gasoline supplies keep growing, 99-cent fuel is not out of the question, said GasBuddy, which tracks prices at filling stations.