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.”
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
Motorists will see a bit of a break in gas prices over the coming days. Continue reading
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
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
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 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
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 are expected to stay low during the Thanksgiving travel period. Continue reading
Gas prices appear to be heading back down after jumping up over the past two weeks. Continue reading
35.5 million Americans are expected to travel at least 50 miles over the Labor Day weekend. Continue reading
Gas prices have been dropping over the past few days, and experts expect that trend to continue. Continue reading
The Independence Day holiday travel period is defined as Wednesday, July 1 to Sunday, July 5.This year the American Automotive Association estimates that more than one million Indiana residents will travel 50 miles or more away from their homes for Fourth of July celebrations. Continue reading
The price for a gallon of unleaded gasoline remains low. Prices have gone up slightly in the past few weeks. Gasbuddy.com Senior Petroleum Analyst Patrick DeHaan says most stations raised prices to $2.45 a gallon.
“This is in line with what we would have expected. We’ve watched wholesale gasoline prices go up and in an account of some refinery kinks that occurred about a week-and-a-half ago that are still impacting the supply of gasoline and those prices. Prices, though, remain about $1.25 lower than last year. Over the coming week, I would expect some sort of minor decrease to emerge in gas prices,” said DeHaan.
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.
The national average price of gas is $2.06 which is approximately $1.22 less per gallon than one year ago. AAA estimates that $365 million less per day is spent on gasoline nationwide. Indiana’s current statewide average price is $2.17 a gallon.
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.
The price of a gallon of unleaded gasoline has been dropping.
Don Good from the Good Oil Company in Winamac says the prices will continue to drop.
“For the foreseeable near future, the trend is to continue down,” said Good. “We’re probably going to bottom out not too far from here. There are a lot of places that are starting to get under three dollars. That’s kind of under cost for some of them, but they’re trying to beat that three dollar mark. For the long term, we should be under three dollars and unless there’s a world event that changes that we’ll probably stay in that range for a while.”
