Chicago gas prices could soar after tornado narrowly misses refinery | CNN Business

New York CNN  — 

Gas prices could soon soar across the Chicago metropolitan area after a tornado narrowly missed a major ExxonMobil refinery outside of Chicago Monday night, knocking out power to the facility.

The refinery, know as ExxonMobil’s Joliet Refinery, is located in neighboring Channahon, Illinois. Channahon Fire Chief John Petrakis told CNN Wednesday that the tornado was just on the other side of Interstate 55 from the refinery.

Gasoline futures for the Chicago region jumped about 11 cents a gallon in trading Tuesday, Andy Lipow, president of consulting firm Lipow Oil Associates, told CNN.

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