Flooding could cause gas prices to temporarily jump

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

MILWAUKEE (WITI) — A senior petroleum expert says motorists should be aware of a possible spike in gasoline prices over the next 24-48 hours in Milwaukee.

“I expect stations to increase prices 10-25 cents per gallon over the next day or two with some stations starting to raise prices immediately,” says Patrick DeHaan of GasBuddy.com.

DeHaan warned a price hike was likely in the Great Lakes area after watching wholesale gasoline prices spike. DeHaan said changes in wholesale gasoline prices can lead to increases hours later as stations pass along changes in the price they pay for gasoline. Torrential rain has led to shutdowns of some pipelines in the region and refineries have also suffered set backs as the region received record-breaking rainfall.

Monitor FOX6 News and FOX6Now.com for updates on this developing story.