|
Updated: 6:26 PM Sep 11, 2008
Gustav causes big jumps at the pumps
You may have noticed a big jump in gas prices at some local filling stations Tuesday. Officials from the oil industry say you can blame Hurricane Gustav. Posted: 2:36 PM Sep 10, 2008 |
|
You may have noticed a big jump in gas prices at some local filling stations Tuesday.
Officials from the oil industry say you can blame "Hurricane Gustav."
Some stations in Michiana raised the price for a gallon of regular unleaded to $3.95.
That, despite the fact crude oil prices hit a five-month low Tuesday, dropping more than $3 a barrel. Prices closed at $103 Tuesday after setting all-time highs near $150 dollars early this summer.
A spokesman for Marathon Oil says the Michiana jump in prices is all because of "Gustav."
Robert Calmus says 25 percent of the Midwest's gasoline comes from the Gulf Coast.
Calmus adds two refineries in the Gulf Coast are not operating at full capacity because of power outages and crude supply disruptions caused by Gustav.
He says once those refineries are fully supplied and operating, prices should come back down.
Gas prices nationwide stayed the same Tuesday, about $3.65.
AAA says Indiana's average price is higher, at $3.70. But that's still much lower than we're seeing in Michiana.
We'll take a closer look at the high prices of gas tonight at NewsCenter 16 at 5.
- Young girls walk in on four people having sex in restaurant bathroom
- Mike Hoffman's Winter Weather Prediction for 2009-2010
- Sen. Lugar’s wife charged with hit and run, DWI
- Topeka police officer arrested on drug charges
- St. Joe Med Center emergency room to close in December
- Driver who ran over two young girls gets days in jail for sentence
- Officials calling overnight house fire in South Bend suspicious
- UPDATE: Fire at Edwardsburg restaurant ruled as arson
- Rochester Police find over 700 marijuana plants in home
- RV supplier diversifies, finds success
- Sen. Lugar’s wife charged with hit and run, DWI
53 Comments - Driver who ran over two young girls gets days in jail for sentence
52 Comments - Weis doesn't think a decision on his future has been made
30 Comments - S.B. Airport to expand despite fewer fliers
29 Comments - Breast cancer report sparking controversy in Michiana
22 Comments - South Bend officers facing suspension get hearings
21 Comments










