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 Expected to Continue to Rise
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
Gas Prices on the Rise – But Why?
The average price of gas in Indiana is once again on the rise, having been increasing since Aug. 28, and is now up to $3.70 per gallon – 10 cents more than the national average, which has remained relatively steady. The national average is currently resting around $3.60, down 5 cents since a month ago. According to Gregg Laskoski of GasBuddy.com, this regional increase can be attributed by rising crude oil prices and, despite common belief, it’s very unlikely that the gas increases in our area are caused by the Labor Day weekend or unrest in the Middle East.
Gas Prices up Again; Speculation, Refineries, and Value of Dollar to Blame
The price of gas in Indiana is once again on the rise, leaving many consumers asking, “Why?” Gregg Laskoski of GasBuddy.com told WKVI that the increase in price is due to three major factors: oil speculation, refinery issues, and the value of the American dollar.
Laskoski said that three refineries in the Great Lakes region have been suffering from problems, and on top of that, double-digit wholesale price increases that occurred as recently as late last week are being reflected in the retail price at the pump, driving Indiana’s average price up 14 cents per gallon in the past week. With an average state price of $3.84 against the national average of $3.69, Laskoski said the declining value of the dollar certainly isn’t helping.
Gas Prices Up Six Cents Over Last Week; Expect Drops Toward Winter
With gas prices up roughly six cents over last week in Indiana, GasBuddy.com Senior Petroleum Analyst Gregg Laskoski attributes the rise in prices to problems in California and overseas. He said there is a lot of problems around the country, but the biggest problems at the moment exist in California.
The state is seeing some significant supply problems because of two refineries that have been out of commission: one refinery lost power, and one suffered from a fire. That, on top of a pipeline problem, has pushed the state of California to record-high prices of $4.59 per gallon. Laskoski explained that Los Angeles has been hit even worse, with prices as high as $4.70 per gallon.
