Gas prices should be low right now but continue to rise

Why Gas in Indiana is Higher, and Could Reach $2.95 a Gallon

However, due to Hurricane Harvey in the south, he said numerous refineries pushed their upkeep work back by two to three weeks due to the storm. "Michigan, Indiana, Ohio, Kentucky and IL have been particularly hard hit this week and gas prices may soon rise to their highest since 2015 due to several issues".

"Prices in IL, mainly around Chicago, could exceed $3 per gallon", advises DeHaan.

You may have noticed gas prices have been slowly creeping up over the past few weeks and experts say it may be a while before we see that change, especially in Indiana.

The issues at work, according to Patrick DeHaan from GasBuddy.com are refinery maintenance, a major pipeline outage, and low gasoline inventories.

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

Secondly, a leak in a major pipeline last week has interrupted relief supplies to be sent from the Gulf Coast, according to DeHaan.

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And even though you hear often that there is a glut, or an oversupply of gas, all of these issues have pushed gasoline inventories to their lowest levels in more than two years. Patrick DeHaan from www.gasbuddy.com is warning prices at the pump could soon rise in MI to $2.99 a gallon.

DeHaan expects relief once the Explorer Pipeline is repaired.

Prices across Regina were, on average, around 109.3 cents per litre. But it still take days for the gas flows to return to normal.

The issue is also causing gas prices to skyrocket in areas of Canada as well. Some refiners postponed scheduled maintenance as hurricane Harvey approached, now that maintenance and some repairs are underway.

Nationally, gas prices decreased 8.9 cents per gallon since September and are 25.0 cent per gallon higher than they were one year ago.

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