Gas prices may be up 24 cents from last year’s average but compared to individuals on the east coast, drivers in Indiana won’t be seeing much of an impact from Hurricane Harvey at the pump. According to GasBuddy.com Senior Petroleum Analyst Daniel McTeague, Indiana’s gas prices are impacted by the Chicago Spot Market, not the New York Market. Continue reading
Petroleum Analysts Wait to See How Harvey Impacts National Gas Prices
As first responders attend to the devastation and destruction caused by Tropical Storm Harvey, fuel analysts wait to see how national gas prices will be impacted. Senior Petroleum Analyst for GasBuddy.com Partick DeHaan said that during Hurricane Katrina whole-sale gas prices shot up 40 cents a gallon. Though he expects a similar reaction, the current projections are still unknown. Continue reading
Gas Prices to Drop This Week
Gas prices will drop a few cents this week thanks to lower crude oil prices last week.
Gasbuddy.com Senior Petroleum Analyst Patrick DeHaan says there was a spike in gas prices just after the Fourth of July holiday.
“The statewide average was about $2.15 on July 4th and now it has jumped to about $2.31,” said DeHaan. “Looking a today versus a week ago prices average $2.31 a gallon today across the state. A week ago prices averaged $2.18 so we’re looking at a pretty big increase at over $.10 a gallon.”
Gas Prices Lowest Since 2005
Gas prices have been at a decent level lately as opposed to recent months.
Gasbuddy.com Senior Petroleum Analyst Dan McTeague said the local retailers are working the numbers very closely.
“Prices are reflecting the wholesale and tax of about $2.20 a gallon and that looks to be in some places the going price,” said McTeague. “A lot of gas stations are really operating with their proverbial noses very close to the grindstone. I’ve seen some places that are moving up to $2.45.”
Cost of Crude Oil, Switch to Summer Blend Driving Gas Prices Up
Gas prices are heading up. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says Indiana and some other neighboring states have seen a notable jump in prices. Continue reading
Seasonal Spike in Gas Prices Delayed by Drop in Crude Oil Prices
Motorists will see a bit of a break in gas prices over the coming days. Continue reading
Affordable Gas Prices Predicted for Labor Day Travel
Those hitting the road this Labor Day weekend will experience the holiday’s lowest gas prices in over a decade. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says that’s in spite of a recent increase in prices. Continue reading
Gas Prices May Rise for Holiday Travel
If driving is part of your Fourth of July plans, be prepared for higher gas prices. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says prices at the pump may go up, to catch up with crude oil prices. Continue reading
Competition Leads to Wide Differences in Gas Prices
Gas prices have been heading down over the past few weeks, but the drop’s been more noticeable in some places than others. As of Wednesday, GasBuddy.com was reporting prices of $2.19 per gallon or lower in places like Plymouth and Hamlet, but about 20 cents higher in Knox and Culver. Continue reading
Indiana Gas Prices Among Highest in Country
Indiana gas prices have reached the list of the top 10 most expensive in the country. According to the AAA Hoosier Motor Club, Indiana is now has the eighth highest state average. Continue reading
Gas Prices Expected to Continue to Rise
The price of gas may have leveled off over the past few days, but there may still be some more increases ahead. Continue reading
Gas Prices Remain Well Below $2 Per Gallon
Gas prices in the immediate area have taken a dip in recent weeks.
Those trends are largely in line with predictions made by GasBuddy.com analysts during the holiday period. Gas was predicted to stay below $2 per gallon through the New Year, pushing as high at $1.99 in some areas.
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Gas Prices to Remain Affordable for Thanksgiving Travel
Gas prices are expected to stay low during the Thanksgiving travel period. Continue reading
Gas Prices Expected to Head Back Down
Gas prices appear to be heading back down after jumping up over the past two weeks. Continue reading
Higher Labor Day Travel Fueled by Lower Gas Prices
35.5 million Americans are expected to travel at least 50 miles over the Labor Day weekend. Continue reading
Gas Prices Expected to Continue to Fall
Gas prices have been dropping over the past few days, and experts expect that trend to continue. Continue reading
Prices at the Pump Projected to Keep Decreasing
The national average price at the pump is lower at the start of August than it was at the beginning of July. GasBuddy Senior Petroleum Analyst Patrick DeHaan accounts the decreased prices to an overall dip in crude-oil costs. He says the cost of crude-oil has gone down due to the abundance of crude-oil being supplied. Indiana is averaging at $2.47 a gallon, offering lowering prices than our neighboring states of Illinois, Michigan and Wisconsin. Continue reading
Gasoline Prices on Upward Trend
Motorists saw gasoline prices on a downward trend for several months, but for the past few days the price has increased slightly.
According to AAA Hoosier Motor Club, prices for unleaded gasoline declined a record 123 consecutive days to $2.03 a gallon. The price increased last week for the first time since Sept. 25 of last year.
Analyst Explains Gas Price Spike
The lower price of unleaded gasoline has relieved a pinch from consumer pocketbooks, but some retailers have dropped the price too low for a profit margin. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said that has caused prices to spike.
“What you’re seeing with the big spike is essentially gas stations losing 20 or 25 cents a gallon and raising their price back up to where they’re making about 15 or 20 cents a gallon. Obviously, you have a 40 cent a gallon difference between a station losing 20 cents and making 20 cents and that’s where these big spikes come from. The good news is that prices are already coming back down,” said DeHaan.
American Automotive Association Holiday Travel Forecast
The number of Americans estimated to hit the road this holiday travel season is the highest that AAA has ever recorded. The end of the year holiday period runs from Dec. 23 through Jan. 4. Triple A predicts 98.6 million Americans will journey 50 miles or more during the year-end holiday season, showing a 4 percent increase from the number of travelers in 2013. Continue reading