Gas Price Forum Fuels Public Interest
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.
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.
