Gas prices are expected to jump a bit prior to the major days for holiday travel.
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Gas Prices Battle Refinery Issues Heading into Holiday Travel
Utility Provider Now Offering Text Alerts During Power Outages
NIPSCO has developed a new way to report a power outage.
The utility service provider says that electric customers are now able to text the word “Out” to 444111. That will notify the company of a power outage at their place of residence. Businesses may also participate in the new service.
Gas Prices Rise in Indiana From Historic Lows
Gas prices around the country are off their lows from a couple of weeks ago.
That’s according to the website GasBuddy.com – who says prices have risen close to 20-percent over the last several weeks.
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Expert Says Gas Prices Spiked Due to Three Major Factors
Gas prices have spiked this week throughout Indiana, having gone from a state average of $3.34 on Jan. 27 to $3.56 on Wednesday. Patrick DeHaan with GasBuddy.com told WKVI that the spike could be attributed to three major factors including refinery maintenance, rising crude oil prices, and the idea that the economy is improving.
DeHaan said that the cost of crude oil was around $85 in early December, but has since raised to $98 per barrel – a 14 percent jump, DeHaan said, and it’s defintely not helping. He said the rising cost of crude oil is due in part to a newly-opened pipeline that allows accumulated oil inventory to be sent out toward other parts of the country, raising the demand.
BP Releases List of Sites Affected By Tainted Fuel
BP has released a searchable database containing a list of the gasoline retail sites that sold off-specification gasoline. BP says this gasoline has been associated with problems related to the alkylation unit at their refinery in Whiting.
BP officials say that once these locations were identified, each retail site was instructed to immediately stop selling the tainted fuel and to properly clean out their tanks and dispose of the material. They say the problem at the Whiting refinery has been fixed, and they are now only supplying terminals with gasoline that meet their “rigorous quality standards.”
Gasoline Forum Set for Thursday Evening
Scott Imus, the Executive Director of the Indiana Petroleum Marketers and Convenience Store Association, is going to be in Knox Thursday night to discuss gasoline pricing. If you have ever been frustrated with gas prices that seem to be on a yo-yo, now is your chance to hear why.
Imus explained just why it is that you hear about crude oil prices dropping, but your cost at the pump rises.
Presentation on Gas Prices to Be Held at Knox Community Center
Have you ever wondered why gas prices go up at the pump when consumption is down, or why pricing varies so much from station to station or even town to town? What about why, when oil prices drop considerably, prices at the pump only drop a few pennies?
Well, WKVI Radio has arranged for those questions and more to be answered by an “insider.” Scott Imus, Executive Director of the Indiana Petroleum Marketers and Convenience Store Association, will be in Knox August 25th at the Knox Community Center for a presentation and will be available to answer your questions. All governmental officials and individuals alike are invited to attend. Imus will begin his presentation at 6:30 p.m. CT.
The session is co-sponsored by Senator Ed Charbonneau, Representative Nancy Dembowski, and Knox Mayor Rick Chambers.
Waiting to Fill up Your Gas Tank Could Cause Cost You More
With gas prices over $4.00 a gallon, many of you are attempting to stretch out a tank of gas too far and that could leave you stranded on the roadside. AAA cautions you that allowing your car to run out of fuel can not only put you in a dangerous situation, it could result in costly repair bills.
Running a vehicle extremely low on fuel may cause sediment in the bottom of the tank to clog the fuel pump pickup, the fuel filter or even the fuel injectors. When a minimum level of fuel is not maintained, it could cause the electric fuel pump inside the tank to overheat.
