"Boutique' gasolines main culprit in US Midwest price spikes

This is the second of two articles focusing on the controversy surrounding gasoline price spikes in the US. This week, PIRINC offers an in-depth analysis of the causes of this dilemma and how they point to more trouble ahead.Few subjects attract as much public outcry as rising gasoline prices. The past several weeks have seen both, especially in certain areas of the Midwest. In mid-June, the US average gasoline price was up by about 50¢/gal vs. the same time last year ($1.66 vs. $1.15/gal); about 20¢ of the increase occurred since the beginning of May. These averages conceal wide geographic disparities. East Coast, or PADD 1 (Petroleum Administration for Defense District 1), ye...

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