Indiana News

Gas Prices Rise Once Again

10/26/2012

Gas prices have risen once again.

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Gas prices in the metro Indianapolis area and surrounding areas rose about 20-cents in the past few days.  GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says while oil prices haven't risen, wholesale gasoline prices have gone up about 18-cents per gallon.

DeHaan says the spike is likely due to small glitches at refineries.  He says the glitches aren't substantial but they were enough to send the market up which increased retail prices.  He adds that some stations, in some cases, were selling gas at such low prices that they were getting very little margin which also led to the increase.

DeHaan says there hasn't been any impact on gas prices yet from Hurricane Sandy but if prices are affected, it would most likely occur on the east coast and not in Indiana.  He says it's rare for gas prices to change in the afternoon, which is what happened this week.

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