Discussion on Gasoline Prices Set for Tomorrow in Knox

What’s happening with gasoline prices? Yesterday at 4:00 p.m., prices were everywhere from $3.18 to $3.79 in northern Indiana.

Want to find out how prices are structured at individual stations or why some stations are pricing below cost? What about who’s making money off you at the pump?

Tomorrow night, Scott Imus will join State Senator Ed Charbonneau, State Representative Nancy Dembowski, and Mayor Rick Chambers in trying to explain what’s happening at Indiana service stations.

Imus is the Executive Director of the Indiana Petroleum Marketers and Convenience Store Association.

If you want to hear it straight “from the horse’s mouth,” be at the Knox Community Center tomorrow night at 6:30 p.m. CT.

Gasoline Forum Set for Thursday Evening

Scott Imus, the Executive Director of the Indiana Petroleum Marketers and Convenience Store Association, is going to be in Knox Thursday night to discuss gasoline pricing. If you have ever been frustrated with gas prices that seem to be on a yo-yo, now is your chance to hear why.

Imus explained just why it is that you hear about crude oil prices dropping, but your cost at the pump rises.

Continue reading

Gasoline Forum to Be Held in Knox Thursday

What drives gasoline prices up or down at the pump? If that question is perplexing to you, or if you see greed at the end of the gasoline hose, you’ll want to attend a program sponsored by WKVI, State Senator Ed Charbonneau, State Representative Nancy Dembowski, and Knox Mayor Rick Chambers.

Scott Imus, Executive Director of the Indiana Petroleum Marketers and Convenience Store Association, will be in Knox Thursday night at 6:30 p.m. at the Knox Community Center to answer your questions on gasoline prices. He’ll also give you his best estimate of where prices are going, and how to prepare for the eventual price.

Continue reading

Gas Prices Rise to $3.19 a Gallon

Gas prices spiked ten cents this week when prices hit $3.19 a gallon.

“We’re kind of seeing a little bit of a combination of things when it comes to crude oil prices,” said Don Good of the Good Oil Company in Winamac. “It’s combination of the weak dollar, we’ve kind of talked about that crude oil is valued in dollars, so when we do something in our economy that makes the dollar weaker, like the $900 billion tax relief plan that added to the deficit, that made the dollar fall. Since the dollar is the currency that they value crude in around the world, it makes crude oil more expensive for us and less expensive for other countries. India’s and China’s economies have really picked up. I think they’re running at about a six or eight percent increase compared to where we are struggling. As a matter of fact, China just passed us as being the largest consumer of petroleum in the world. They’re consumption of oil is going up while ours is pretty stagnant. Right now the markets are focusing on their use than ours.”

Continue reading