Low gas inventory in Midwest pushes Indiana price average near $4/gallon

INDIANAPOLIS (WISH) — The typical fuel value in Indiana has elevated greater than 1 / 4 a gallon up to now week, and a scarcity of gasoline is guilty, an power analyst says.

Patrick De Haan with GasBuddy.com on Monday predicted Indiana’s common fuel value can be rising to $3.99 per gallon this week.

As of 4:10 p.m. Tuesday, the typical value for gasoline in Indiana was $3.942 a gallon. That’s up 26.3 cents from final week’s common, and up 82.3 cents from a yr in the past.

In Hancock County, east of Indianapolis, at 4:10 p.m. Tuesday, the typical value per gallon was $4.004. That’s the very best of all of the counties within the Indianapolis metropolitan space.

De Haan final week mentioned the Midwest stock for gasoline may be very low on account of refinery outages. That’s inflicting fuel value will increase not solely in Indiana, but additionally in Michigan, Ohio, Kentucky, Minnesota, Iowa, Nebraska, North Dakota, South Dakota, Missouri and Kansas.

The power analyst says Hurricane Ian is just not impacting fuel costs within the Midwest, however is affected the price for drivers within the states on the Gulf of Mexico, the place the storm was forcing evacuations this week.