Gas Prices Escalate Due to Hurricane Isaac

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ROCKFORD (WIFR) -- We may be thousands of miles away, but, as many of you pointed out on Facebook, we're already feeling the impacts of Hurricane Isaac.

Many oil refineries in the gulf coast closed because of the hurricane. Because many of those refineries supply much of the gas here in the Midwest, gas stations started raising their prices this morning. Although Hurricane Isaac should pass through Florida within the next few days, we'll still feel the effects here in Rockford.

Regional refining issues also caused the rise in price. According to gas analysts, this is the largest one day increase in a year. But Jim Ritterbusch wants motorists to know the effect is only temporary.

"The effects of the storm will remain for a week or two, because these refineries once they shut down, they're very difficult to bring back up and that takes some time," said Ritterbusch.

This summer has been rough on gas tanks, but Ritterbusch says we should see lower prices after Labor Day, assuming we don't come across any more tropical storms.

Experts say we could see prices increase as much as 35 cents per gallon by the end of the weekend.

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