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Why Gas in IN is Higher, and Could Reach $2.95 a Gallon

Why Gas in IN is Higher, and Could Reach $2.95 a Gallon”

Gas prices are going up all across the country, but the states getting hit the hardest are the ones surrounding the Great Lakes.

Part of the blame could even be placed on long-gone Hurricane Harvey, as some refiners pushed back maintenance to cover production losses from the affected area, said Gasbuddy. Second, the Explorer Pipeline, with the capacity of almost 700,000 barrels per day, sustained a leak last week, interrupting the ability for relief supplies to be sent from the Gulf Coast.

GasBuddy estimates gas prices could soon rise to $2.99 in MI, $2.95 in IN and $2.89 in OH and Kentucky.

Those and other issues are leading to low inventories of gasoline that have pushed wholesale gas prices up almost 50 cents per gallon in little more than a week.

Wholesale gas prices have also gone up about 50 cents per gallon.

According to GasBuddy historical data, gasoline prices on October 30 in Modesto have ranged widely over the last five years: $2.58/gallon in 2016, $2.58 in 2015, $3.17 in 2014, $3.56 in 2013 and $3.97/gallon in 2012. Prices in Michigan, Indiana, Ohio, Kentucky and IL could soon jump to their highest levels since BP's refinery outage in August 2015. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services.



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