Tropical Storm Isaac Intensifies, Gas Prices Rise

As tropical storm Isaac intensifies and threatens the Gulf Coast with significant storm surge and hurricane force winds, oil companies with refineries in Louisiana have started to evacuate employees and shut-down operations.

The result will likely mean higher gasoline prices for Buffalo Grove drivers.

AAA is reporting that it is likely drivers across the country will experience higher gas prices as a result of the tropical storm heading toward the Gulf Coast.

Roughly 1.3 billion barrels a day or 8 percent of the country’s refining capacity was taken offline in preparation of Isaac making landfall in Louisiana, according to a story on the Wall Street Journal Monday.

Prices could rise another 10 cents in the coming week, according to a story on CNN Money. 

The nationwide average price of gasoline on Monday was $3.75 a gallon, according to AAA. Closer to home, the agency said the average gallon of gas in Illinois was $3.988. 

The cheapest gas around the Buffalo Grove area Tuesday morning was at the Mobil station on Dundee Road, where a gallon of gas was $3.97. Most other area stations were charging just over $4 per gallon. The highest price listed was at Mels Standard on Robert Parker Coffin Road, where gas was $4.30 per gallon.