Gas Prices Lowest Since 2005

Gas prices have been at a decent level lately as opposed to recent months.

Gasbuddy.com Senior Petroleum Analyst Dan McTeague said the local retailers are working the numbers very closely.

“Prices are reflecting the wholesale and tax of about $2.20 a gallon and that looks to be in some places the going price,” said McTeague. “A lot of gas stations are really operating with their proverbial noses very close to the grindstone. I’ve seen some places that are moving up to $2.45.”

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Varying Gas Prices Across Indiana

 

As the month of June comes to a close, motorists should be aware that we are approaching one of the highest gas price months out of the year. Senior Petroleum Analyst with GasBuddy.com Patrick DeHaan said to expect July prices to be higher than the yearly average due to several factors including higher demand during summer months and various blends of summer gasoline that cost more to produce. Continue reading