The seats were filled and members of the community eagerly awaited the start on the discussion of gas prices yesterday evening. Scott Imus, Executive Director of the Indiana Petroleum Marketers and Convenience Store Association, explained some of the main factors that drive gasoline prices at the pump.
According to Imus, the commodity market is mainly to blame for the price of fuel. Imus said that never has there been more speculation and investment in oil markets. Imus says that crude oil supplies are at a five-year high and oil demand is down, but crude oil prices have rocketed to $110 a barrel in April, up from $85 a barrel in Feb.
