Tuesday, July 5, 2011

Refiners have had trouble getting things working properly in Michigan

"Refiners have had trouble getting things working properly in Michigan, Ohio and Illinois," said Tom Kloza, chief oil analyst for the Oil Price Information Service. He said he expected prices to bottom out this summer in a range between $3.25 and $3.75 a gallon depending on the state, with California toward the higher end of the range.