IN gas prices on the rise

Peter Castro
November 3, 2017

GasBuddy forecasts prices could rise as high as $2.89 in OH and $2.99 in MI.

With Harvey long gone, deferred maintenance is now all taking place at once, along with other planned maintenance, and that has cut production.

"Most of the fuel delivered to the B.C. Interior comes from Edmonton and Edmonton fuel pricing is based on US mid-west gas price futures set on the Chicago Mercantile Exchange".

Analysts warn drivers to be prepared for high gas prices.

In addition, the 700,000 barrels per day Explorer Pipeline from the Gulf Coast had a leak last week. Third, all of these issues have pushed gasoline inventories to their lowest levels in more than two years, he said.

A major problem that the Great Lakes doesn't have that other regions do: the ability to resupply via waterborne shipments and pipeline deliveries, said DeHann.

Patrick DeHaan, head of petroleum analysis for GasBuddy, says Indiana, Michigan, Ohio, Kentucky and IL may soon see gas prices rise to their highest since 2015 due to several different issues including refinery maintenance, a major pipeline outage and low gasoline inventories.

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The highest recorded average price for IN since 2008 was $4.25 IN May 2011.

Gillette gas prices are lower than the state average, ranging from $2.37 a gallon to $2.39 a gallon.

Even then, it will take days for gasoline flows to return to normal.

Along with the Explorer pipeline getting fixed, McTeague said a lot of the major refineries down south are conducting annual maintenance a bit later than usual.

GasBuddy is a leader in crowd-sourced information for, real-time fuel prices at more than 140,000 gas stations in the U.S, Canada and Australia.

DeHaan said they should come back down to the $2.30-$2.50 range by Thanksgiving and Christmas, but he doesn't expect prices to dip below $2 into the foreseeable future.

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