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Friday, April 18, 2014

Area gas prices much higher than national average

Gas prices are on the rise.
Posted on June 3, 2013 at 1:00 a.m. | Updated on June 3, 2013 at 4:35 p.m.

SOUTH BEND — Gas prices are jumping well over $4 as the day progresses.

Prices at several gas stations, including the Phillips 66 stations at 1010 W. Plymouth Avenue and 1819 Lincolnway East in Goshen, have jumped to $4.29 per gallon according to customer reports on GasBuddy.com.

The Marathon station at 51451 S.R. 19 had the second-highest price in the area at $4.27 per gallon late Monday afternoon, June 3.

The price of gas in northern Indiana has gone up 22 cents per gallon just in the past week, according to a report from GasBuddy.com earlier Monday, June 3.

The national average price for a gallon of gas is $3.64. The price is 40 cents per gallon more than the same time last year and 17 cents per gallon more than last month.

A senior petroleum analyst from GasBuddy.com noted that the price hike could be a result of oil refineries experiencing difficulties.

“When (oil refineries) go partially offline, whether expected or unexpected, there’s going to be a tightness in gasoline supply and that has an almost immediate impact at the gas pump,” said Patrick DeHaan of GasBuddy.com.

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