Kokomo Tribune; Kokomo, Indiana

Breaking News

June 5, 2013

Ind. gas prices soar to 50 cents above U.S. average

Indianapolis — Indiana's average gas price has soared to nearly $4.12 a gallon, pushing the state's average almost 50 cents higher than the national average.

Purdue University economist Wally Tyner says he's never seen such a large price gap. He blames the surge in gas prices in Indiana and other Midwestern states on "a perfect storm of refinery outages."

He says a fire at an oil refinery in Detroit and an ongoing upgrade of BP's Whiting refinery in northwestern Indiana are fueling much of the increase. But Tyner says a refinery in Joliet, Ill., is also undergoing maintenance, further shrinking regional gas supplies.

The website Gasbuddy.com said Indiana's average price of a gallon of unleaded regular gas was nearly $4.12 Wednesday afternoon, compared with the national average of nearly $3.64 a gallon.

 

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