Wednesday, October 22, 2014
Loading...





Summer gas prices

Economist says motorists will find summer gas prices to be favorable.

Posted on May 21, 2013 at 1:00 a.m. | Updated on May 21, 2013 at 2:38 p.m.

WEST LAFAYETTE — A Purdue University economist says he expects this summer's gasoline prices to be lower than last year.

Energy economics specialist Wally Tyner projects that prices in the Midwest will be between $3.50 and $3.90 a gallon, with prices in the South and Southeast between $3.15 and $3.55. He doesn't expect prices over $4, except on the West Coast.

Tyner says greater fuel efficiency and increased production by some countries should result in lower crude oil prices. He says oil production is growing faster than consumption for the first time since 2009.

Tyner cautions that refinery outages and world events are wild cards that could temporarily push gas prices higher. Rapid spikes in Midwest gas prices the past few months have occurred when refineries in Indiana and Illinois experienced breakdowns.


Recommended for You


Loading...
Loading...
Loading...
 FILE - This 2011 photo provided by Wilmot Chayee shows Thomas Eric Duncan at a wedding in Ghana. People who shared an apartment with the country's first Ebola patient are emerging from quarantine healthy. And while Thomas Eric Duncan died and two U.S. nurses were infected caring for him, there are successes, too: A nurse infected in Spain has recovered, as have four American aid workers infected in West Africa. Even there, not everyone dies. (AP Photo/Wilmot Chayee)

Posted 43 minutes ago
 This photo provided by Lori Townsend shows Afrikka Hardy,  whose body was found Friday, Oct. 17, 2014 in a bathtub at a Motel 6 in Hammond, Ind. Authorities say Darren Vann, who was taken into custody Saturday, confessed to Hardy's slaying, directed police to six bodies in abandoned homes in nearby Gary, Ind., and hinted at more victims over a 20-year span. (AP Photo/Lori Townsend)

Posted 48 minutes ago
Back to top ^