Gas prices

Several Factors Fuel Increase In Gas Prices

May 9, 2018

Indiana gas prices have been steadily increasing over the past couple weeks. According to American Automobile Association, AAA, Indiana has felt the biggest increase in gas prices – about 66 cents a gallon -- since the beginning of the year.

AAA Hoosier Motor Club spokesman Greg Seiter says even if prices stay high, they’re likely to fluctuate.

“Specifically in the Midwest and the Great Lakes Region, we tend to see the most volatile gas prices in the country,” Seiter says. “Unfortunately at this time of the year, this is really going to be a rollercoaster ride for us.”

NORTHWEST INDIANA - Average retail gasoline prices in Northwest Indiana have fallen just over 6 cents per gallon in the past week, averaging $2.39/g Sunday, according to GasBuddy's daily survey of 314 gas outlets in Northwest Indiana. This compares with the national average that has increased almost one cent per gallon in the last week to $2.52/g, according to gasoline price website GasBuddy.com.

GasBuddy / GasBuddy.com

NORTHWEST INDIANA - Gas Prices are going in the right direction from one week to the next for consumers as we approach Christmas.  That's according to Patrick DeHaan, head of petroleum analysis for GasBuddy.  He says regardless, prices may fluctuate.

GasBuddy / GasBuddy.com

NORTHWEST INDIANA - Gas prices are down and according to Patrick DeHaan, head of petroleum analysis for GasBuddy.com, you can thank "good old fashioned competition."

"Well wholesale gas prices have plunged but you can throw in a good dose of competition.  A lot of stations were undercutting each other left and right," DeHaan says. "In fact in Schererville prices are down to $2.13 but, all good things come to an end some stations are now selling gasoline under their cost and that usually triggers a price cycle and that's what we're starting to see across Indiana today."

GasBuddy.com

NORTHWEST INDIANA - Average retail gasoline prices in Northwest Indiana have fallen just over 2 cents per gallon in the past week, averaging $2.61/g Sunday, according to GasBuddy's daily survey of 314 gas outlets in Northwest Indiana. This compares with the national average that has fallen almost three cents per gallon in the last week to $2.54/g, according to gasoline price website GasBuddy.com.

GasBuddy Head of Petroleum Analysis Patrick DeHaan says a wide range of prices can be found in the Region.

GasBuddy.com / GasBuddy

NORTHWEST INDIANA - A question on many people's minds is when are gas prices going to go down.  But Patrick DeHaan, head of petroleum analysis for GasBuddy said Thursday that Northwest Indiana Hoosiers are getting a break.

"The good news is that so-far we're not seeing a rise in Northwest Indiana, at least at this point," DeHaan says. "Prices down in Northwest Indiana about 14 cents a gallon in the last week, averaging about $2.71 today."

GasBuddy

GARY - Average retail gasoline prices in Gary have risen almost 6 cents per gallon in the past week, averaging $2.40/g yesterday, according to GasBuddy's daily survey of 314 gas outlets. This compares with the national average that has fallen 6 cents per gallon in the last week to $2.47/g, according to gasoline price website GasBuddy.com.

Senior petroleum analyst for GasBuddy.com Patrick DeHaan says Gary is standing out from most other cities in the state.

GasBuddy.com

GARY - Average retail gasoline prices in Gary have risen just over 15 cents per gallon in the past week, averaging $2.53/g yesterday, according to GasBuddy's daily survey of 314 gas outlets in Gary. This compares with the national average that has increased just under 24 cents per gallon in the last week to $2.64/g, according to gasoline price website GasBuddy.com.

Erik Reyna / KUT News/NPR

UNITED STATES - Drivers in the U.S. are expected to see the lowest average gas prices for Independence Day since 2005.  

For the first time in GasBuddy history gas prices will be lower on July 4th than New Year’s Day!  Patrick DeHaan, Senior Petroleum Analyst at GasBuddy, says motorists will be paying  an average  of  $2.21 per gallon, well under the 10 year average of $3.14, according to GasBuddy.