The cost of gas is back on the rise as some stations in Indiana report prices as high as $3.89 per gallon. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said this is due in part to the increasing cost of wholesale gasoline, and while he does expect them to decrease in the near future, they will likely stay in the mid-three dollar range for the rest of the year.
With the average price of gas in Indiana down 20 cents over the last week, GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said this is due to a number of factors, including the switch to winter blend gasoline.
“A lot of it has to do with seasonal factors as well, drops in demand that allow the supply to build. That’s really the gist of it, you have falling demand, rising supply, and the switchover to cheaper winter gasoline. That’s essentially it in a nutshell,” said DeHaan.
Some BP customers may have gotten a surprise when last they filled up their tank, as the company announced that motorists who bought fuel at a northwest Indiana BP station, or one supplied by BP, may have filled their vehicles with contaminated fuel.
BP’s general manager for press relations, Scott Dean, says they have pinpointed the contaminated fuel to a tank at their Whiting refinery fuel storage terminal, and he says it may have been diesel fuel or fuel oil that somehow got mixed in with regular unleaded gasoline. Customers most at risk are those in northwest Indiana, within the immediate area of the Whiting terminal, but GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says there are other areas that may be affected as well.
Gas prices in Indiana are once again on the rise, but this time it seems to be only affecting the Great Lakes region. The average price of gas in Indiana has risen to $3.83 per gallon, while the national average is only up slightly at $3.55.
According to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan, this regional increase is due to a number of issues plaguing the Great Lakes oil industry.
