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City by the Lake.org, The Voice of Michigan City, Indiana _ City Living _ Gasoline Price Thread
Posted by: JHeath Sep 15 2008, 02:29 PM
I've found the Indiana code relating to this topic, and wanted to post it here for your review and discussion. If you choose to file a complaint, you may do so through http://www.in.gov/attorneygeneral/consumer/gasonline.html. Enjoy the "light" reading.
http://www.in.gov/legislative/ic/code/title4/ar6/ch9.1.html
09/15/2008 04:31:03 PM EDT
IC 4-6-9.1
Chapter 9.1. Price Gouging in Declared Emergencies
IC 4-6-9.1-1
Period for which emergency declared
Sec. 1. (a) Sections 1 through 7 of this chapter apply to the period during which an emergency is declared and the twenty-four (24) hours before the declaration by the governor under IC 10-14-3-12 or IC 10-14-3-13.
( b ) The definitions in IC 10-14-3 apply to this chapter.
As added by P.L.124-2002, SEC.1. Amended by P.L.2-2003, SEC.11.
IC 4-6-9.1-2
"Price gouging" defined
Sec. 2. For purposes of this chapter, "price gouging" means charging a consumer an unconscionable amount for the sale of fuel. Price gouging occurs if:
(1) the amount charged grossly exceeds the average price at which fuel was readily obtainable within the retailer's trade area during the seven (7) days immediately before the declaration of emergency; and
(2) the increase in the amount charged is not attributable to cost factors to the retailer, including replacement costs, taxes, and transportation costs incurred by the retailer.
As added by P.L.124-2002, SEC.1.
IC 4-6-9.1-3
Powers and duties of attorney general
Sec. 3. The attorney general has the following powers and duties regarding price gouging:
(1) To investigate complaints received claiming price gouging.
(2) To seek injunctive relief as appropriate.
(3) To seek restitution for victims of price gouging.
(4) To institute an action to levy and collect a civil penalty.
As added by P.L.124-2002, SEC.1.
IC 4-6-9.1-4
Use of information obtained in investigation
Sec. 4. (a) Information obtained during the attorney general's investigation under this chapter, including information from a person who responds to the investigation and designates the information as confidential, must be maintained as confidential until the investigation is completed by the attorney general and a course of action is determined. The attorney general may not make known in any manner any information obtained in the course of the investigation to persons other than those specified in subsection ©. Once the investigation is completed, if there is an agreed upon settlement or if charges are filed, the information becomes public.
( b ) The attorney general shall make available to the public, upon request, aggregate information concerning complaints of price
gouging. The aggregate data may not identify particular persons or locations under investigation.
( c ) For purposes of this section, references to the attorney general include other individuals designated in writing and acting on behalf of the attorney general during the investigation. A person designated shall preserve the confidentiality of information under subsection (a).
(d) A person who is served with a request for information, a subpoena to give testimony orally or in writing, or a request or order to produce books, papers, correspondence, memoranda, agreements, or other documents or records under this chapter may apply to any court for protection against abuse or hardship.
As added by P.L.124-2002, SEC.1.
IC 4-6-9.1-5
Action brought by attorney general
Sec. 5. If an investigation by the attorney general results in a finding of price gouging, the attorney general may bring an action in a circuit or superior court with jurisdiction in the county where the price gouging allegedly occurred. If the court finds that the retailer engaged in price gouging, the court may assess a civil penalty against the retailer. The civil penalty may not be more than one thousand dollars ($1,000) per transaction.
As added by P.L.124-2002, SEC.1.
IC 4-6-9.1-6
Civil penalties
Sec. 6. Civil penalties collected under section 6 of this chapter must be deposited in the state general fund.
As added by P.L.124-2002, SEC.1.
IC 4-6-9.1-7
Preemption of local government powers in price gouging emergencies
Sec. 7. This chapter preempts the power of local governments to regulate pricing of commodities under a declaration of emergency:
(1) under IC 10-14-3-12;
(2) under IC 10-14-3-13; or
(3) by a local government.
As added by P.L.124-2002, SEC.1. Amended by P.L.2-2003, SEC.12.
Posted by: Ang Sep 15 2008, 03:01 PM
Considering we are usually 5-10 cents BELOW the national average, I would say MC fuel retailers are gouging.
Posted by: southsider2k7 Sep 16 2008, 08:47 AM
Thanks for the info.
Also as an FYI, futures for gasoline are now under $2.50. Add in taxes and a little profit, and MC's gas prices should be about $3.10 to $3.20.
Posted by: southsider2k7 Sep 16 2008, 08:51 AM
Considering we are usually 5-10 cents BELOW the national average, I would say MC fuel retailers are gouging.
They do have a complaint link in there, and I sent one in.
Posted by: Roger Kaputnik Sep 16 2008, 11:58 AM
I like seeing the reports by SSider on the futures prices of gasoline.
Posted by: JHeath Sep 16 2008, 12:07 PM
Thanks for the info.
Also as an FYI, futures for gasoline are now under $2.50. Add in taxes and a little profit, and MC's gas prices should be about $3.10 to $3.20.
You really think so? That would mean that even prior to the arrival of Ike, we were probably being taken advantage of...just willingly so. Why does it take something like this to open our eyes?
I've also filed a complaint.
Posted by: southsider2k7 Sep 16 2008, 12:21 PM
You really think so? That would mean that even prior to the arrival of Ike, we were probably being taken advantage of...just willingly so. Why does it take something like this to open our eyes?
I've also filed a complaint.
It was a bit higher than it has been historically. Usually we are somewhere between 60-80 cents over the futures price, depending on things like season and local refinery issues. (Yes I am the loser that pays attention to these correlations, highly unscientifically of course) Futures are down 40-50 cents since the storm, so the pre-storm prices weren't as bad as the post storm prices. When we were in the $3.60/gal range before the storm that was pretty close to right. As the storm approached and we went back over $4/gal, that is when it got out of whack. $4.40 is a blatant rip off IMO.
Posted by: southsider2k7 Sep 16 2008, 12:23 PM
I like seeing the reports by SSider on the futures prices of gasoline.
no problem. I look at these numbers all day long at work.
Posted by: southsider2k7 Sep 17 2008, 07:11 AM
Most stations in town are now down to $4.24 or 4.25, except for my new enemy gas station, the Jewel Express was still $4.36.
I would bet within 2-3 weeks we are down into the $3.50 range or lower.
Posted by: southsider2k7 Sep 18 2008, 08:04 AM
We were down to $4.19 most places yesterday.
Posted by: JHeath Sep 18 2008, 08:23 AM
We were down to $4.19 most places yesterday.
As of this morning (around 8:30am), Family Express at Coolspring & Franklin was at $4.09; Jewel was at $4.19.
Posted by: southsider2k7 Sep 18 2008, 08:29 AM
As of this morning (around 8:30am), Family Express at Coolspring & Franklin was at $4.09; Jewel was at $4.19.
So we are slowly getting to where we should be going. I think by Oct 1st we could see $3.25. (barring anything crazy happening.)
Posted by: Roger Kaputnik Sep 18 2008, 11:33 AM
And if people keep restricting their driving. If we start driving a lot again, the prices will stabilize higher than that.
Posted by: southsider2k7 Sep 21 2008, 10:50 AM
$3.98 now at most stations. $3.95 in the Pines.
Posted by: Ang Sep 23 2008, 01:48 PM
That's a lot better. We're hovering around $3.40 give or take a few cents every day so you guys are falling back down to the "normal" range. Good to hear.
Posted by: southsider2k7 Sep 23 2008, 01:56 PM
I saw down to $3.83 yesterday. In the meantime the futures have rebounded pretty hard so $3.25 might be a little optimistic, but $3.50 should be realistic, if nothing happens.
Posted by: Roger Kaputnik Sep 24 2008, 07:21 AM
3.77 this morn.
Posted by: Ang Sep 24 2008, 09:23 AM
Ours are falling too. $3.39 this morning.
Posted by: Roger Kaputnik Sep 24 2008, 09:55 AM
We must continue to curtail our driving until the gas prices are driven down even more. As soon as consumption surges, the oil industry will properly perceive that a new floor has been set.
Posted by: southsider2k7 Sep 26 2008, 08:57 AM
3.69 now...
Also this was pretty interesting, it could be a whole lot worse for us. It also explains why prices stayed high so long here.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/25/AR2008092504159_pf.html
If Drivers Can Fill Up, They Get Sticker Shock
By Steven Mufson
Washington Post Staff Writer
Friday, September 26, 2008; D01
Gasoline shortages hit towns across the southeastern United States this week, sparking panic buying, long lines and high prices at stations from the small towns of northeast Alabama to Charlotte in the wake of Hurricanes Gustav and Ike.
In Atlanta, half of the gasoline stations were closed, according to AAA, which said the supply disruptions had taken place along two major petroleum product pipelines that have operated well below capacity since the hurricanes knocked offshore oil production and several refineries out of service along the Gulf of Mexico.
Drivers in Charlotte reported lines with as many as 60 cars waiting to fill up late Wednesday night, and a community college in Asheville, N.C., where most of the 25,000 students commute, canceled classes and closed down Wednesday afternoon for the rest of the week. Shortages also hit Nashville, Knoxville and Spartanburg, S.C., AAA said.
Terrance Bragg, a chef in Charlotte, made it to work only because his grandfather drove from a town an hour away with a 5-gallon plastic container of fuel for him. Three of his co-workers called and said they couldn't make it.
"I drove past nine or ten gasoline stations that were out of gas," Bragg said. "I had my GPS up looking for any gas in the area, from the mom-and-pop places to the corporate gas stations. Nothing. They were all taped off."
Liz Clasen-Kelly, associate director of a homeless assistance center in Charlotte, took the bus to work yesterday. On Wednesday night, she and her husband checked five stations that had no gas, passed a long line backed up onto the interstate highway and chose not to wait at an open gas station with 50 to 60 cars still lined up after 11 p.m.
"If we had waited in that line, our car wouldn't have made it," she said, adding that the gauge was pointing to empty. The bus yesterday took her 45 minutes longer than usual. "It makes you realize how addicted you are to convenience," she said.
In Atlanta, Jonathan Tyson, a Douglasville, Ga., resident who works for a company that does training for auto and RV franchise dealerships, ran out of fuel while waiting an hour in a line about 60 cars long to fill up his Land Rover. A man from the car behind helped push Tyson's vehicle down the road.
"It was crazy," Tyson said. "People were standing on side of road with gas cans saying they'd pay the person to run a [credit] card through just to get gas so they didn't run out before they got up to the pump themselves."
The city government, which uses 10,000 gallons a day, barred the public from two stations to make sure it could keep municipal vehicles running. On Wednesday night with his fuel gauge at empty, Al T. Nottage, a senior communications specialist in the Atlanta mayor's office, looked for fuel at six stations, all closed, then called AAA and said he had run out of gasoline. It brought him two gallons, enough to get to work yesterday.
AAA spokesman John Townsend said that Colonial Pipeline, a leading supplier in the region, and the smaller Plantation Pipeline, which belongs to Kinder Morgan, were functioning below capacity because of lingering refinery problems along the Gulf coast. A spokesman for Colonial, whose Web site displays a news release from Sept. 10 before Hurricane Ike hit, did not return calls for comment.
The Energy Department said that as of Wednesday 63 percent, or 800,000 barrels a day, of production in the Gulf of Mexico was still shut down as were five refineries with a combined capacity of 1.2 million barrels a day. The refineries produce a half-million barrels of gasoline a day, or about 5 percent of the nation's total supplies. Other refineries are still working at less than full capacity. Hurricane Gustav landed Sept. 1, and Ike hit Sept. 13.
"The production loss is similar to what was lost after Hurricanes Rita and Katrina," said Anne Peebles, a Shell Oil spokeswoman. "This time the physical damage [to oil facilities] was not as great, but the down time with the storms hitting back to back is similar." She said that "more fuel is coming" as facilities gradually ramp up again, but "we do think that production availability will normalize in the next several weeks."
Townsend said that the Colonial pipeline normally carries 100 million gallons a day, traveling about 2,500 miles from Texas, Louisiana and Alabama to 267 marketing terminals across the East and Southeast. Although nearly 15 percent of the gas stations in Virginia were reporting outages last week, the Washington region has been able to tap into supplies from areas such as New Jersey and Pennsylvania, which can more readily obtain supplies from tanker and other pipelines. Earlier supply problems in Chattanooga, Tenn., and Tallahassee also had eased, he said.
Other areas of the country were not so fortunate. An Atlanta Exxon dealer said that his station's allocation was only 40 percent of normal.
Mike Thornburgh, a spokesperson at QuikTrip, said that half of the gasoline retailer's 111 Atlanta area stations were open, up from a quarter last weekend. He said that QuikTrip was trying to keep stores open near commuters and schools. He said he didn't know when things would return to normal.
"I can't give a concrete answer because I don't believe anybody knows," he said.
Public officials appealed for calm as it appeared that panic buying might exacerbate supply problems if motorists try to keep more fuel than usual in their tanks. The Environmental Protection Agency suspended regulations for antipollution additives to help ease the supply situation.
Georgia Gov. Sonny Perdue provoked some angry comments on the Atlanta Journal Constitution Web site, which quoted him as saying that "there is ample fuel in the city" and that some of the panic was "self-induced."
"Perdue says we got ample gas supplies," wrote one reader. "Then why is it that every gas station in my area is out of gas. Some have been out for over 4 days."
Prices were high in cities hurt by shortages, though not as high as they were immediately after the hurricanes. In Charlotte, price ranged from $3.84 to a high of $4.31 a gallon for regular gasoline. AAA's Townsend said that travelers to the affected areas should "be prepared for sticker shock, Southern style."
Staff writer Binyamin Appelbaum and special correspondent Melanie Lasoff Levs in Atlanta contributed to this article.
Posted by: Ang Sep 26 2008, 09:47 AM
We're at $3.45
Posted by: southsider2k7 Oct 2 2008, 08:53 AM
$3.54 now
The good news is that the futures seem to be trending down nicely. We could MAYBE see $3 in the next month or so. A lot of that depends on getting the deep south gasoline again, which means the gulf refineries have to come back on line... but the trend is there. Gasoline futures are trading at about $2.25 as we speak.
Posted by: Ang Oct 2 2008, 09:01 AM
We're down to $3.20 this morning. A friend of mine is a truck driver from TX. He said the refineries were only shut down for three days. The day before the storm, the day of, and the day after. He said there is no reason why gas shouldn't come way down. We're dropping a penny or two a day, so you guys should catch up to us soon.
Fingers crossed.....
Posted by: southsider2k7 Oct 2 2008, 09:02 AM
We're down to $3.20 this morning. A friend of mine is a truck driver from TX. He said the refineries were only shut down for three days. The day before the storm, the day of, and the day after. He said there is no reason why gas shouldn't come way down. We're dropping a penny or two a day, so you guys should catch up to us soon.
Fingers crossed.....
Hmm. News reports made it sound like there was much more than that closed.
Posted by: Ang Oct 2 2008, 05:56 PM
Gas is at $3.16!!!!!
Posted by: JHeath Oct 2 2008, 08:56 PM
We're hovering in the $3.56 range.
Posted by: southsider2k7 Oct 6 2008, 12:33 PM
$3.46 now.
Gasoline futures have been as low as $2.05 today.
Posted by: Ang Oct 6 2008, 12:54 PM
3.10 here
Posted by: southsider2k7 Oct 7 2008, 08:44 PM
http://www.businessandmedia.org/articles/2008/20081007163408.aspx
Equidex President Phillip Gotthelf tells Bloomberg TV oil prices poised to drop much further.
By Jeff Poor
Business & Media Institute
10/7/2008 4:38:11 PM
Earlier this year, many voices in the media were warning for the worst when it came to the price of oil as economic uncertainty loomed ahead. One analyst even predicted in May that oil would hit $300 a barrel.
However, now that financial turmoil has plagued the markets, the price of oil has fallen from its $147-a-barrel high in June 2008 to around $90 a barrel on Oct. 7. Around its peak, many were forecasting oil in excess of $200 by the end of 2008, but since that time the bull market in commodities has slowed or ceased, as Equidex President Phillip Gotthelf pointed out on Bloomberg TV on Oct. 7.
“I think that the commodities really outlived their, their useful rallies because they’ve exceeded the elasticity of the consumer,” Gotthelf said. “And commodities are consumables, they’re not investments. They’re speculative equals sometimes, but they’re certainly not investments.”
According to Gotthelf, those commodities include oil, which he said was poised to go to $40 a barrel or lower in the wake of the global economic turmoil.
“I’m somewhat amused. Goldman Sachs (NYSE:GS) was forecasting $200 a barrel for oil,” Gotthelf said. “I see that their forecasts are getting more and more conservative. I said $200 a barrel was ridiculous. Even $150 I thought was ridiculous. We were looking at $24 a barrel in 2004. Everybody is now making comparisons in the financial sector to the implosion of stocks in 2002, 2003 – the last stock recession. Why shouldn’t we see oil return to $40, maybe even below $40 a barrel?”
If Gotthelf’s prediction were to come true, the price of a barrel of oil would reach a low point not seen in almost four years. The last time oil was at $40 a barrel was late 2004. At that time, the media were concerned about paying $2 a gallon for gas.
Gotthelf based his prediction on the decrease in demand – a result of the economic slowdown and changes in worldwide energy supply.
“Certainly we could [see $40 per barrel] because think about the fact that we’ve had what people are now calling demand destruction – a new term,” Gotthelf said. “Basically demand is declining because of the extreme economic conditions that were facing and because SUVs are very expensive to fill up. We’re switching our way of doing business in energy and you’re going to see that reflected in the decline of world consumption.”
Posted by: eric.hanke Oct 7 2008, 09:28 PM
I paid $2.99 a gallon at an Amoco station today in Plymouth, IN.
This was the "common" price without any credit card's.
Posted by: Ang Oct 7 2008, 10:50 PM
Wow! I was going to brag cause we're at $3.06 and falling. I couldn't wait to tell you all that we are below $3 and Eric stole my thunder! Ha Ha! 
Too bad Plymouth is too far a drive to make that price worth it, huh?
Posted by: southsider2k7 Oct 8 2008, 05:59 AM
Wow! I was going to brag cause we're at $3.06 and falling. I couldn't wait to tell you all that we are below $3 and Eric stole my thunder! Ha Ha!
Too bad Plymouth is too far a drive to make that price worth it, huh?
It will hit here really soon.
Posted by: eric.hanke Oct 8 2008, 06:53 AM
Sorry to steal your thunder Ang. I took a picture of the price sign with my cell phone and sent it to my wife because she did not believe me...
Wow! I was going to brag cause we're at $3.06 and falling. I couldn't wait to tell you all that we are below $3 and Eric stole my thunder! Ha Ha!
Too bad Plymouth is too far a drive to make that price worth it, huh?
Posted by: Ang Oct 8 2008, 08:31 AM
I would probably need proof too living there with the prices what they've been!
Posted by: Ang Oct 9 2008, 09:09 AM
Our gas is $2.98 and I just got a text from one of my truck driver friends. He is in Indy this morning and said gas there is $2.99.
So, if gas in Indy is $2.99, why is it still so high up north by you guys? I wonder what it is in Chicago right now?
Posted by: Roger Kaputnik Oct 9 2008, 10:07 AM
Here is the proof I am using: 90 Proof bourbon!
Posted by: Ang Oct 9 2008, 11:52 AM
80 proof Vodka (no milk)
Posted by: southsider2k7 Oct 10 2008, 06:10 AM
Our gas is $2.98 and I just got a text from one of my truck driver friends. He is in Indy this morning and said gas there is $2.99.
So, if gas in Indy is $2.99, why is it still so high up north by you guys? I wonder what it is in Chicago right now?
The station I pass on the train in the morning is still $3.99 in Hyde Park. We were down to $3.28 yesterday. The futures have actually even broken $2 in the last few days, and have been as low as $1.90. The bottom might be near though because OPEC is making noise about production cuts again.
Posted by: Ang Oct 10 2008, 10:26 AM
We're dropping like crazy. This morning is was $2.94. Seeing what gas is going for in Chicago, it's no wonder you guys are still so high. That's just crazy.
Posted by: southsider2k7 Oct 13 2008, 09:42 AM
So we are slowly getting to where we should be going. I think by Oct 1st we could see $3.25. (barring anything crazy happening.)
Saw $3.09 at 5 am when I left for work. The rate we are going, $2.75 is really in range again, MAYBE $2.50.
Posted by: Ang Oct 13 2008, 10:32 AM
2.81 here
with snow on the ground and 30 degree temps!
Posted by: southsider2k7 Oct 14 2008, 12:54 PM
http://thenewsdispatch.com/main.asp?SectionID=1&SubSectionID=1&ArticleID=18077
home : local news : local news
10/14/2008 11:32:00 AM Email this article • Print this article
Around 6 p.m. Monday, the Marathon station on Karwick Road posted regular gasoline prices of $2.98 per gallon. Kristin Miller/The News-Dispatch
Fuel prices fall to about $3 a gallon
By Kristin Miller
The News-Dispatch
Struggling economy helps lower oil pricing.
MICHIGAN CITY - It seems like cause for celebration.
As of 6 p.m. Monday, gasoline was $2.98 a gallon at some stations in Michigan City.
And the lower prices came just after the stock market made its worst decline in history last week.
But experts say the two don't have anything to do with one another.
Demand for oil across the globe has fallen, according to Purdue University-North Central business professor Daniel Rutledge.
"The world price of oil dropped to the $80 per barrel mark," Rutledge said, adding there are several reasons gasoline prices have dropped recently.
The demand for gasoline and diesel fuel has slackened partially because fewer vehicles are being purchased, he said. The economic slowdown is also a factor.
The make-up of gasoline is another cause. In the spring and summer, refineries build up summer blends. Rutledge said he understands that there are as many as 21 blends. Now that fall is here, the winter blend is being circulated.
"Winter blend inventories aren't as demanding as summer blends in terms of composition," Rutledge said.
Light, sweet crude for November delivery rose $3.49 before settling in at $81.19 a barrel Monday on the New York Mercantile Exchange, after earlier rising as high as $82.52. The contract fell Friday $8.89 to $77.70, the lowest price since Sept. 10, 2007.
Falling oil prices have helped drive pump prices down sharply. A gallon of regular sank 4.1 cents overnight for a national average of $3.206, according to AAA, the Oil Price Information Service and Wright Express. The average price per gallon in Indiana is $3.07.
Seven states are now seeing average prices below $3 a gallon, including Kansas, Missouri and Ohio. Gas prices should come down even more as U.S. Gulf Coast energy infrastructure continues ramping up after closures caused by Hurricane Ike.
But the United States is not the only country seeing a downturn, Rutledge said. China, France, Italy and the United Kingdom are in the midst of the same "problem," he said.
Investors are watching for signs that the Organization of the Petroleum Exporting Countries may cut production at a meeting in Vienna, Austria, Nov 18.
Iranian Oil Minister Gholam Hossein Nozari on Saturday called for stability in the oil market, saying the biggest challenge now was a decline in oil demand because of a global economic recession.
"There won't likely be any overt cuts, but there could be an informal tweaking of production that could provide support for prices," said Victor Shum, an energy analyst at Purvin & Gertz in Singapore. "It's politically unacceptable for OPEC to make cuts in the middle of a global deceleration."
The fact that it's an election year seems not to have an effect on prices. In October and November 2004, gas was $1.52 and $1.45 per gallon, respectively. One year ago, gas was $3.12 per gallon, according to AAA's fuelgagereport.com.
Rutledge said he couldn't make a guess as to how much cheaper gas could become, now near the $3 mark.
But, he said, it could jump back to $4 per gallon by the first part of 2009.
"It's a roller coaster," he said.
The Associated Press contributed to this report.
Posted by: Roger Kaputnik Oct 14 2008, 01:14 PM
Keep driving less!
Posted by: mcstumper Oct 14 2008, 07:54 PM
Keep driving less!
And keep making fuel economy a top priority when buying car.
http://www.fueleconomy.gov is a great site.
Posted by: Ang Oct 17 2008, 11:05 AM
$2.70 this morning.
Posted by: southsider2k7 Oct 19 2008, 09:54 AM
2.88 yesterday.
Posted by: Ang Oct 20 2008, 09:35 AM
$2.58 this morning here. It's been dropping a steady 5-7 cents per day here. I can pass the station in the morning, then again at lunch and it will be two cents less. After work it will be another three cents less, then in the evening will drop another two. Amazing!
Posted by: JHeath Oct 20 2008, 12:49 PM
2.85 here mid-day.
Posted by: southsider2k7 Oct 27 2008, 06:57 AM
$2.69 in town, but $2.59 in the Pines.
Posted by: Roger Kaputnik Oct 27 2008, 08:05 AM
At Co. Line Road or at Virk's?
Posted by: Ang Oct 27 2008, 08:21 AM
We're down to $2.20! It keeps going at this rate and we'll be below $2 by the end of the week!
Posted by: southsider2k7 Oct 27 2008, 08:54 AM
At Co. Line Road or at Virk's?
Both.
Posted by: southsider2k7 Oct 27 2008, 09:45 AM
http://www.ireport.com/docs/DOC-124720
Gas is under $2 at a few places around the country.
Posted by: eric.hanke Oct 27 2008, 10:54 AM
I work in South Bend where gas is consistently 20-40 cents a gallon cheaper.
Posted by: southsider2k7 Oct 30 2008, 08:06 AM
$2.38 when I got on the train this morning.
Posted by: Roger Kaputnik Oct 30 2008, 10:54 AM
$2.37 last night at the station fka Peggy's.
Posted by: Ang Oct 30 2008, 01:21 PM
$2.15 this morning at the gas station by my office
Posted by: JHeath Oct 30 2008, 03:30 PM
$2.359 at Speedway (Corner of 421 & 20).
Posted by: southsider2k7 Nov 3 2008, 01:58 PM
$2.21 when I got on the train this morning...
Posted by: Ang Nov 3 2008, 02:15 PM
We finally fell below $2 today. It was 1.98 when I went to lunch and 1.96 when I got back! I hear in Weslaco TX gas is at 1.79!
Posted by: southsider2k7 Nov 19 2008, 08:04 AM
Down to $1.94 in MC now, I saw as low as $1.84 on my train ride yesterday. The trend continues to be good s so far, as Crude Oil is sitting at $54, with the gasoline futures having gone as low as $1.11. If that holds up, we could be looking at $1.75 to $1.80 pretty easily.
Posted by: Ang Nov 19 2008, 09:32 AM
Ha Ha!! We are $1.54 this morning! I'm so glad prices are dropping since I plan on driving home for Christmas vs. flying!
Posted by: JHeath Nov 19 2008, 12:11 PM
Down to $1.94 in MC now, I saw as low as $1.84 on my train ride yesterday. The trend continues to be good s so far, as Crude Oil is sitting at $54, with the gasoline futures having gone as low as $1.11. If that holds up, we could be looking at $1.75 to $1.80 pretty easily.
I was just out and about--it's $1.91 at Jewel as of 11:30am.
Posted by: Roger Kaputnik Nov 19 2008, 12:37 PM
Bear in mind that the gas at Jewel has alcohol in it.
Posted by: eric.hanke Nov 19 2008, 12:39 PM
US 20 and 39 $1.84 and $1.85 at the stations accross the street from each other.
Similar prices in South Bend today...
Posted by: ANH27 Nov 19 2008, 07:02 PM
I saw it for $1.72 in LaPorte this morning.
It was $2.22 ish last week when I filled up.
Big improvement. 
Posted by: Ang Nov 20 2008, 10:25 AM
$1.50 this morning! Gosh, I can't BELIEVE how low the prices are right now. I can't remember when gas was so cheap, it's been so long since it has been.
Posted by: southsider2k7 Nov 20 2008, 10:26 AM
$1.50 this morning! Gosh, I can't BELIEVE how low the prices are right now. I can't remember when gas was so cheap, it's been so long since it has been.
We had this discussion at work yesterday, so I went and looked it up on the DOE website. It was the beginning of 2005.
Posted by: southsider2k7 Nov 20 2008, 10:42 AM
FWIW, Crude Oil futures are sitting just above $50, with gasoline futures having traded as low as $1.01. $50 and $1 are both really big psychological numbers.
Posted by: Dave Nov 20 2008, 04:07 PM
If gas prices in MC get below $1 per gallon, I will eat a bug at noon at the corner of 11th and Franklin.
There's some incentive for OPEC to drop prices!
Posted by: Ang Nov 20 2008, 04:45 PM
What kinda bug?
How 'bout one of those great big Florida hissing cockroaches?
Posted by: Roger Kaputnik Nov 20 2008, 04:49 PM
If you really want to impress OPEC, make it a thousand-legger from behind the sink!
Posted by: Ang Nov 20 2008, 07:30 PM
If you really want to impress OPEC, make it a thousand-legger from behind the sink!
Eeeeewwwwww......
Posted by: Dave Nov 20 2008, 09:23 PM
Bug size and species to be determined by me should the need arise.
Posted by: southsider2k7 Nov 21 2008, 07:04 AM
If gas prices in MC get below $1 per gallon, I will eat a bug at noon at the corner of 11th and Franklin.
There's some incentive for OPEC to drop prices!
With a 7% sales tax and about 55 cents worth of state and federal taxes on a gallon of gasoline, that is pretty much impossible anymore, so you are off of the hook!
Posted by: Roger Kaputnik Nov 21 2008, 08:04 AM
Regarding the futures price, are those the prices for 6-month delivery? And what did you say is the price range, given a specified futures price, for gas at retail?
Posted by: southsider2k7 Nov 21 2008, 08:51 AM
Regarding the futures price, are those the prices for 6-month delivery? And what did you say is the price range, given a specified futures price, for gas at retail?
When I give a futures price, it is the next delivery month. Currently the front month is December delivery of 42,000 gallons of reformulated blend NYMEX unleaded gasoline.
For our pump prices you have to take the futures price and then add about 55 cents for state and federal gasoline taxes, about a nickel for station profits, and 7% for a sales tax total. Usually that runs about 65 to 80 cents a gallon, depending on what time of year it is, and other external factors such as outages, shortages, weather, seasonal blends, etc.
Posted by: southsider2k7 Dec 1 2008, 01:51 PM
Down to $1.69 in MC, but I filled up Saturday nite for $1.49 in LaPorte at the 66 on Pine Lake Ave.
Posted by: JHeath Dec 1 2008, 02:27 PM
Down to $1.69 in MC, but I filled up Saturday nite for $1.49 in LaPorte at the 66 on Pine Lake Ave.
I was in LaPorte on Saturday morning, and did the same thing. I wonder why there is a $0.20 difference between the two towns.
Posted by: southsider2k7 Dec 1 2008, 02:30 PM
I was in LaPorte on Saturday morning, and did the same thing. I wonder why there is a $0.20 difference between the two towns.
I was wondering the same thing myself. I think it must be some kind of price war, because the lowest price I have seen besides LaPorte was $1.57 in East Chicago and Hammond. Most stations are in the high 1.60's.
Posted by: Homey Dec 1 2008, 02:57 PM
I was wondering the same thing myself. I think it must be some kind of price war, because the lowest price I have seen besides LaPorte was $1.57 in East Chicago and Hammond. Most stations are in the high 1.60's.
I saw gas at $1.53 at 20 and Springville Road on Saturday. We already bought gas in town for over $1.60..we're always SOL
Posted by: Ang Dec 1 2008, 03:12 PM
$1.40 here. It was actually down to $1.37 Friday, but back up to $1.40 by Saturday where it's stayed.
Posted by: JoeJ Dec 2 2008, 09:09 AM
$1.40 here. It was actually down to $1.37 Friday, but back up to $1.40 by Saturday where it's stayed.
Why is gas almost .20 cents cheaper in LaPorte that Michigan City? Some places it is on .10 cents, but there is one station for 1.47/gallon.
Posted by: Ang Dec 2 2008, 10:05 AM
Can't tell you why LP is cheaper than MC, but Wyoming is cheaper than Indiana because we have our own refineries. We drill for oil here and refine oil here and for some reason we get a break on the cost. Mind you, we are not fueling our cars with gasoline refined in Wyoming, but we get some sort of break on the cost overall. Texas is even cheaper than Wyoming.
Posted by: Roger Kaputnik Dec 2 2008, 10:29 AM
Taxes may be different, local demand may be different, blend requirements may be different.
Posted by: southsider2k7 Dec 2 2008, 10:50 AM
Can't tell you why LP is cheaper than MC, but Wyoming is cheaper than Indiana because we have our own refineries. We drill for oil here and refine oil here and for some reason we get a break on the cost. Mind you, we are not fueling our cars with gasoline refined in Wyoming, but we get some sort of break on the cost overall. Texas is even cheaper than Wyoming.
Taxes are the biggest difference from state to state. Its why gas is much cheaper here than IL.
Posted by: Ang Dec 2 2008, 11:09 AM
Well, with the higher altitude, we also use 87, 89 and 91 octane instead of 89, 91, and 93. That may have something to do with it.
Posted by: JoeJ Dec 2 2008, 05:31 PM
Well, with the higher altitude, we also use 87, 89 and 91 octane instead of 89, 91, and 93. That may have something to do with it.
Trying to be more helpful here. I paid $1.49 @ family express on Pine Lake Ave in LaPorte. Nice to fill up the family truckster for about 30 bucks
Joe
Hate me Love me - ask me if I care
Posted by: southsider2k7 Dec 4 2008, 11:59 AM
$1.62 now in town, but more interestingly gasoline futures are trading under $1, and oil is under $45 bbp. These are numbers we haven't seen for YEARS.
Posted by: Ang Dec 4 2008, 12:04 PM
Our price is yo-yo-ing between 1.39 and 1.40. In the morning it will be 1.40, then at lunch 1.39, then back up to 1.40 by the time I get off work. Looks like lunch will be the best time to fill up.
Posted by: southsider2k7 Dec 8 2008, 09:15 AM
$1.55 in most of town, $1.49 in the Pines.
Posted by: Ang Dec 8 2008, 10:37 AM
I put $10 in my tank last night @ 1.28/gal!! I had 1/8 of a tank when I started and after only $10 I now have 3/4 of a tank.
Man!! I'm liking these gas prices! GMA said this morning that prices haven't been this low in 5 years!
Posted by: southsider2k9 Apr 30 2009, 01:03 PM
I don't know if anyone has been out there yet or not, but the new truck stop on County Line and 20 is open. They are offering gas for $1.94 a gallon, versus $2.15 in town. They also have a bunch of other sales, such as 18 packs of coke for $3.79 (about $5 a case, versus $6.50 or $7 most other places).
Posted by: Ang Apr 30 2009, 01:15 PM
I will be sure to stop there on my way into town. 
Posted by: davew Apr 30 2009, 05:46 PM
I don't know if anyone has been out there yet or not, but the new truck stop on County Line and 20 is open. They are offering gas for $1.94 a gallon, versus $2.15 in town. They also have a bunch of other sales, such as 18 packs of coke for $3.79 (about $5 a case, versus $6.50 or $7 most other places).
Sounds like they are buying the business, and yes I am SOLD
Posted by: southsiderMMX Nov 12 2010, 09:42 AM
http://www.wndu.com/localnews/headlines/Indiana_and_Michigan_seeing_record_hike_in_gasoline_costs_107093618.html
Although gas prices are still higher in states like Hawaii and California, fuel analysts say the Great Lakes Region has been hit with the most sudden case of sticker shock.
Visit the Marathon gas station in downtown South Bend and gas is $2.99 a gallon. Whine if you want, but it’s the new going rate across the city.
"I was shocked. It just seems like there's no reason for the prices going up. I just don't understand it,” South Bend resident Starla Ross said after filling up her Ford SUV.
However, economists say there is adequate reason for the hike, citing a one-two punch that’s hit Great Lakes states.
The first blow came after a Citgo refinery near Chicago caught on fire last Tuesday. It halted production and sent fuel numbers sky rocketing. Punch two came on the heels of the Federal Reserve announcing plans to pump $600 billion into the economy. That in turn weakened the U.S. dollar and it too made fuel prices increase.
"It’s likely that we’ll see prices remain well above $2.50 a gallon for the next year so as the economy continues to improve and demand continues to increase,” GasBuddy.com petroleum analysts Patrick DeHaan said in a phone interview with NewsCenter 16.
If you head to the corner McKinley and Ironwood, there is some relief at Ron's McKinley Marathon, home to the best deal in town. After nearby gas stations lowered their rates to $2.89 Wednesday morning, Ron’s was quick to follow suit.
"Ten cents a gallon adds up these days,” station owner Ron Banicki said inside his repair shop. "For each customer that comes in, you can make a penny or two on gas, which also adds up. But folks also want to purchase, pop, chips and cigarettes,” Banicki suggested.
Outside at gas pump four, North Liberty resident Crystal Wilma filled-up her manly monster of a vehicle.
“I can't fill it up all of the way. $30 here and $25 there, that's the best I can manage,” Wilma said after searching for the lowest price in town and stumbling across Ron’s McKinley Marathon.
Against the station’s financial goals, Wilma did not fall victim of impulsive buying, $30 and some change was enough to handle.
"It’s just too much. Gas already cuts into the food budget and the regular utility bills and stuff, the gas is enough," Wilma concluded.
Looking ahead, things could only get worse. Currently there are rumblings on Capitol Hill to tack on another 25 cents per gallon in taxes. Local, state and national taxes on gasoline already account for a large portion of fuel costs. With everything said and done, 53 cents a gallon goes toward taxes in Indiana, 54 cents to the gallon in Michigan. Compare that to only 32 cents in New Jersey or the U.S. state average of 48 cents.
For folks looking to save a dollar or two, there is quite a large range of prices across our region. Valparaiso residents are paying $2.77 per gallon. In Michigan City, stations are averaging about $2.84 a gallon. The majority of South Bend stations are at $2.99. However, the highest prices are in St. Joseph where people are being set back $3.09 a gallon, 32 cents more than in Valparaiso.
Posted by: southsiderMMX Apr 28 2011, 11:24 AM
Time to revive this sad thread again...
from facebook...
A heads up to our friends in Michigan, Indiana, & Ohio: Market conditions are rapidly changing the cost of fuel. Fill up at Meijer as we expect gas prices to increase this afternoon.
Posted by: southsiderMMX May 19 2011, 01:56 PM
$3.92 at County Line and 20
Posted by: Ang May 19 2011, 02:00 PM
I paid $3.93 in Westville at 2 & 421 yesterday. But it was still at $4.08 in LaPorte this morning....
Posted by: southsiderMMX May 20 2011, 09:13 AM
Someone told me $3.64 in Westville yesterday, anyone know if that is true or not?
Now $3.87 at Franklin and 20.
Posted by: MCRogers1974 May 20 2011, 09:52 AM
You can check all gas prices at:
www.garygasprices.com
They have a nice search by city feature.
Posted by: Ang May 20 2011, 11:15 AM
3.99 in LaPorte
3.89 in Portage
Posted by: southsiderMMX Jun 2 2011, 09:49 AM
GasBuddy
Illinois, Michigan, Indiana, and Connecticut now have prices that are over a dime higher than that of California.
Posted by: southsiderMMX Jun 3 2011, 02:47 PM
Have a great weekend everyone, be safe! Wholesale gasoline prices rose slightly for East and Gulf Coast regions today while Midwest and Great Lakes wholesale costs dropped as much as 12c/gal. Hopefully some relief for MI, OH, IN, WI, IL, KY.
Posted by: southsiderMMX Jun 6 2011, 06:58 AM
GasBuddy
Wholesale prices falling for all areas today. If it holds, that means lower prices for many areas in the next few days. Again, Great Lakes states seeing the biggest drops (some 30c/gal drop in last few days!) Happy Monday!
Posted by: southsiderMMX Jun 7 2011, 10:24 AM
http://blog.gasbuddy.com/posts/Tough-springtime-for-gas-prices-in-Midwest-may-be-over/1715-450899-534.aspx
I've gotten hundreds of calls seemingly all asking why prices in Illinois, Michigan, and a handful of other Upper Midwest states are seeing prices higher than California and even Hawaii.
As many of you are probably well aware, with the onset of warmer weather, Corvette cruises, and beach days also comes with the onset of Ozone Action Days and Air Quality alerts. It is the latter that has contributed to why we must use cleaner burning gasoline every summer. Refiners have likely gotten use to such switch overs, but unfortunately, many refiners still have kinks or problems getting their plants fully suited for the game that is summer gasoline production.
This spring we've seen refinery after refinery in the Great Lakes have problems. We've seen flooding on the Mississippi impact some refiners that feed the Midwest, we've seen severe weather disrupt refineries and pipelines that feed the area, just about anything that could go wrong did go wrong... at some point.
Memorial Day weekend may have been (and hopefully was) the end of problems for such energy installations. There were a whopping five major problems that led prices to spike in Michigan, Wisconsin, Indiana, Ohio, and Kentucky. TransCanada's pipeline that sends Canadian crude to the region leaked and was shut down. Enbridge's pipeline that sends Canadian crude suffered a power outage and was temporarily offline. Severe weather also brought down Marathon's Robinson, IL plant. Other outages occurred yet again at ExxonMobil's Joliet, IL plant and Citgo's Lemont, IL plant.
Chicago traded gasoline soared. Wholesale gasoline prices soared. Pump prices than followed sky high. It appears that since Memorial Day weekend the wheels are again moving and refineries are getting back online and pipelines are resuming shipments. Since last weekend, Chicago gasoline has fallen near 50 cents per gallon, which over the next week or two will translate to lower gasoline prices.
Like yours truly, many motorists in the Midwest are skeptical. And understandably so. No one knows if another plant will have a shut down. However, if things do remain quiet for the next couple weeks and we don't see the Green Goblin swoop in and mess things up, gasoline prices could begin dropping nicely. If nothing gets in the way, pump prices could drop 20-50 cents from their peak shortly after Memorial Day.
Yep, don't hold your breath, but at least we can be optimistic that the springtime blues are over.
Posted by: Dave Jun 7 2011, 04:14 PM
$3.94 today in New Buffalo (I drive through on my way to work.)
Posted by: southsiderMMX Jun 30 2011, 09:10 AM
From GasBuddy ------
Prices confirmed and are increasing to $3.69 in IN, $3.75 in MI, $3.69 in OH! Areas outside these states will also likely see prices rise as much as 5-10c/gal in the next few days/week!
Posted by: mc46360 Jun 30 2011, 09:47 PM
$3.85 on the South end of town as of 6:00PM
Guess they have to put it to us for the 4th of July weekend
Posted by: Ang Jul 1 2011, 09:59 AM
$3.79 in Portage, $3.85 in LaPorte.
I wonder how come there is such a difference between the two? I would think it would cost more the closer you get to Chicago, but it seems to get less until you hit the state line....
Posted by: southsiderMMX Aug 15 2011, 07:59 PM
So over the course of 4 days the price of gas went from $3.50 to $3.75 to $3.69 to $3.59 from Sunday until today, all at the same station. How the heck is that not price manipulation?
Posted by: southsiderMMX Aug 17 2011, 10:07 AM
GasBuddy
Hearing from members that prices in the Great Lakes are rising today, beware!!
Posted by: mc46360 Aug 18 2011, 04:08 AM
So over the course of 4 days the price of gas went from $3.50 to $3.75 to $3.69 to $3.59 from Sunday until today, all at the same station. How the heck is that not price manipulation?
It's a big game they play with the gas prices around LaPorte County, just about the time you get your hopes up that it is going down, it jumps up again. I'm sick of it!!!
Posted by: MCRogers1974 Aug 18 2011, 07:01 AM
I guess all we can do is to watch the prices and "reward" the places with the lowest price with our business.
Posted by: southsiderMMX Aug 18 2011, 08:32 AM
I guess all we can do is to watch the prices and "reward" the places with the lowest price with our business.
The best way to do that is to buy stuff inside of their stations. That is where they actually make some money at. other than that, they are just passing prices on for the most part.
Posted by: southsiderMMX Aug 24 2011, 11:25 AM
Gas price warning! Prices are going up from the low $3.50's to $3.89 around town!
Posted by: southsiderMMX Sep 8 2011, 10:13 AM
GasBuddy
GAS PRICE HIKE ALERT: Gasoline prices rising to $3.89 in MI, $3.85 in IN, $3.75 in OH
Posted by: Ang Sep 8 2011, 05:33 PM
On my way into town this morning gas was $3.68/gal. On my way out of town a mere 5 hours later it was $3.95/gal.
Effin rediculous!!!!!!
Posted by: JHeath Sep 10 2011, 08:36 PM
On my way into town this morning gas was $3.68/gal. On my way out of town a mere 5 hours later it was $3.95/gal.
Effin rediculous!!!!!!
I saw the same pricing of $3.95 at most stations yesterday as well--except Jewel Express, who remained consistent at $3.80. Most stations are back down to $3.77 today.
Posted by: MCRogers1974 Sep 10 2011, 10:49 PM
I saw the same pricing of $3.95 at most stations yesterday as well--except Jewel Express, who remained consistent at $3.80. Most stations are back down to $3.77 today.
Looks like it was Jewel Express who broke the back of the latest price spike. I will remember Jewel Express the next time I need gasoline.
Posted by: khool4 Sep 11 2011, 08:59 PM
I just got home from Columbus Ohio. I filled up at $3.42 a gallon there and when I got back to Michigan City, I saw gas for $3.87. I can't believe the big difference.
A few weeks ago, I was in Washington DC. I filled up at $3.29 when gas was still $3.68 here.
Posted by: southsiderMMX Sep 12 2011, 08:35 AM
And they are right back down into the $3.60's. My tinfoil hat side thinks that this was a bet that people would fill their tanks before the weekend of 9/11.
Posted by: Ang Sep 12 2011, 06:05 PM
There is a .20 cent difference between LaPorte and Valpo, Valpo being cheaper. Westville was the cheapest I saw today at $3.72
Posted by: MCRogers1974 Sep 12 2011, 07:55 PM
There is a .20 cent difference between LaPorte and Valpo, Valpo being cheaper. Westville was the cheapest I saw today at $3.72
I paid $3.63 at Knoll Brothers (DJ's Express) at Woodland and Greenwodd Aves. That was at around 6:00 PM.
Posted by: southsiderMMX Sep 12 2011, 08:19 PM
I paid $3.63 at Knoll Brothers (DJ's Express) at Woodland and Greenwodd Aves. That was at around 6:00 PM.
$3.67 at county line and 20
Posted by: Ang Sep 13 2011, 07:23 PM
$3.89 in LaPorte.....REEEEE-DICK-U-LOUS!!!!!
Posted by: southsiderMMX Sep 13 2011, 08:26 PM
Wow. It was down into the high $3.50s in places like Hammond and East Chicago. It was $3.63 in town.
Posted by: southsiderMMX Sep 21 2011, 01:34 PM
So in a manner of 10 days we have gone from $3.95 to $3.42, with the futures almost unchanged.
Posted by: MCRogers1974 Oct 5 2011, 08:39 PM
Well, the price of gasoline went up 30 cents per gallon today in MC in response to the price of crude
oil going up 20 cents per 42 gallon barrel. Why is this not price fixing?
Posted by: southsiderMMX Oct 6 2011, 11:44 AM
FWIW gas was still $3.22 at Jewel just a few minutes ago.
Posted by: southsiderMMX Oct 12 2011, 09:56 AM
GasBuddy
Heads up, gasoline prices rising to $3.45 in OH, $3.55 in MI, $3.55 in IN, $3.49 in KY!
Posted by: southsiderMMX Oct 24 2011, 09:51 AM
GasBuddy
Price hike WARNING for motorists in IN, OH, MI, KY: Beware of a possible price increase to $3.35-$3.49 in the next 72 hours. Odds 70%.
Posted by: taxthedeer Oct 27 2011, 05:00 PM
I've learned that the Jewel gas station is being taken over by Family Express.
Posted by: MCRogers1974 Oct 27 2011, 10:50 PM
I've learned that the Jewel gas station is being taken over by Family Express.
Now watch the prices go through the ceiling. Family Express, the first to raise prices!
Posted by: mc46360 Oct 31 2011, 01:35 AM
Yeah, before you know it Family Express is going to own every gas station in the area and we will never be able to get cheaper gas anywhere
Posted by: southsiderMMX Oct 31 2011, 06:27 AM
Yeah, before you know it Family Express is going to own every gas station in the area and we will never be able to get cheaper gas anywhere
they could just do truth in advertising and have "Family Ex$pre$$" on the sign.
Posted by: mcstumper Oct 31 2011, 01:33 PM
I thought all Jewel Express stations were bought by Circle K. Was the station in Michigan City excluded from that deal?
Posted by: taxthedeer Oct 31 2011, 01:40 PM
I thought all Jewel Express stations were bought by Circle K. Was the station in Michigan City excluded from that deal?
My cousin Donella Lindsey is the store manager of the Jewel-Osco store in Michigan City and she told my mom that Jewel no longer operates the gas station and convenience store and is now operated by Family Express. She also said if the Michigan City Jewel-Osco store's sales don't pick up that they may shut down the store here.
Posted by: MCRogers1974 Oct 31 2011, 01:52 PM
My cousin Donella Lindsey is the store manager of the Jewel-Osco store in Michigan City and she told my mom that Jewel no longer operates the gas station and convenience store and is now operated by Family Express. She also said if the Michigan City Jewel-Osco store's sales don't pick up that they may shut down the store here.
Enough of a reason to stay away from the place if they are owned by Family Express.
Posted by: taxthedeer Oct 31 2011, 03:34 PM
Enough of a reason to stay away from the place if they are owned by Family Express.
Just the gas station and convenience store is now under Family Express, not the Jewel-Osco store.
Posted by: mcstumper Nov 1 2011, 08:10 PM
I hate to belabor the point, but everything I have read says that Circle K, not Family Express, has bought all of the Chicago area Jewel Express stations. I guess we will find out on November 10th when the cutover happens. I am really hoping it is Circle K since they sell Shell gas.
Posted by: taxthedeer Nov 2 2011, 06:23 AM
I know that the pumps at that station will no longer scan your Jewel-Osco Preferred Customer card in order to get the fuel discount for using your card as a reward for using your card for buying merchandise inside the main store..
Posted by: mcstumper Nov 2 2011, 09:28 AM
Signs on the pumps today - it's definitely Circle K. The letter to customers from the employees was kind of odd. Sort of a "nice working with you" letter.
Posted by: MCRogers1974 Nov 2 2011, 10:14 AM
Signs on the pumps today - it's definitely Circle K. The letter to customers from the employees was kind of odd. Sort of a "nice working with you" letter.
Well, at least not another Family Express.
Posted by: southsiderMMX Nov 7 2011, 10:44 AM
GasBuddy
Heads up! Gasoline prices rising as we speak to $3.55 in MI, $3.55 in IN, $3.49 in OH, $3.49 in KY!
Posted by: southsiderMMX Nov 21 2011, 09:28 AM
Prices have gone under $3.20 on the Pines side of City.
Posted by: MCRogers1974 Nov 21 2011, 10:54 AM
Gas Buddy reports prices will be shooting up for the Thanksgiving holiday. A word to the wise would be to fill up either today or tomorrow before prices shoot up again.
Posted by: southsiderMMX Nov 28 2011, 09:48 AM
GasBuddy
It appears that gasoline prices are rising as we speak to $3.35 today in MI, IN, $3.29 in OH and KY. Fill up before prices rise!
Posted by: southsiderMMX Dec 6 2011, 10:25 AM
GasBuddy
GasBuddies are reporting prices in MI rising to $3.45 at many stations, $3.45 in IN $3.39 in OH prices also rising in St. Louis, Chicago, Virginia Beach, many other areas. Are prices rising near you, or have they already?
Posted by: MCRogers1974 Dec 6 2011, 07:59 PM
GasBuddy
GasBuddies are reporting prices in MI rising to $3.45 at many stations, $3.45 in IN $3.39 in OH prices also rising in St. Louis, Chicago, Virginia Beach, many other areas. Are prices rising near you, or have they already?
Ths most recent "market manipulation" is already falling apart. Prices in NC are already falling. Prices in Fort Wayne never rose today.
Posted by: southsiderMMX Dec 14 2011, 12:06 PM
With the strengthening of the dollar, there is a decent chance we could see sub $3 a gallon gas here locally very soon. Futures have fallen, as have wholesale prices.
Posted by: southsiderMMX Dec 16 2011, 08:25 AM
Apparently gas is $2.89 in Laporte right now. The lowest I have seen in City is $3.06 so far.
Posted by: Ang Dec 19 2011, 08:46 AM
I've seen 2.98 in LP, but that's still 15-20 cents cheaper than City.
Bout Time!
Posted by: MCRogers1974 Dec 19 2011, 04:46 PM
$2.97 @ Coolspring and Johnson Rd in Trail Creek, 2.99 @ Knoll Bros. Greenwood and Woodland.
Posted by: southsiderMMX Dec 29 2011, 09:38 AM
GasBuddy
Prices really starting to jump! Areas of the Midwest could see another jump today or very soon (MI, IL, IN, OH, KY, MN, MO, WV, KY) so be ready...
Posted by: MCRogers1974 Dec 29 2011, 01:33 PM
Already up 30 cents per gallon at the Family Express stores in MC and in LP.
Posted by: southsiderMMX Jan 4 2012, 12:25 PM
GasBuddy
GAS PRICE ALERT: Prices rising to $3.59 in MI, IN, KY, OH, possibly jumping in St. Louis, MN, WI, IL, and WV!
Posted by: southsiderMMX Jan 6 2012, 10:14 AM
GasBuddy
The ethanol subsidy, as many know, expired December 31. Part of the reason for higher prices is that we're now paying 4.5c/gal more for E10 blended gasoline.
Posted by: southsiderMMX Jan 13 2012, 09:54 AM
ON top of the snow, I am hearing that gas prices are going up too. Apparently $3.79 on the Blvd.
Posted by: southsiderMMX Jan 25 2012, 10:52 AM
Looking at gas prices locally and then comparing them to where the futures prices are trading, I would bet prices are going to be going up in the next day or two. I wouldn't be surprised to see something on the lines of $3.49 or $3.59 happen.
Posted by: southsiderMMX Feb 1 2012, 01:10 PM
GasBuddy
Our servers are preparing to break a sweat! We're sending out thousands of price hike alerts as we predict prices to jump 10-30c/gal in the next 36 hours in MI, IN, OH, WV, MO, KY, MN, IL, WI... other areas outside these states will not see as big or as fast a price increase for now, but the trend remains upward.
Posted by: southsiderMMX Feb 13 2012, 08:32 AM
GasBuddy
Watch out if you live in MI, OH, IN, IL, WI, MO, KY, WV- gas prices may spike soon to $3.55-$3.69/gal! Sending out alerts soon.
Posted by: southsiderMMX Feb 22 2012, 02:58 PM
Prices going up to $3.69 all over town.
Posted by: southsiderMMX Feb 27 2012, 10:49 AM
GasBuddy
That was FAST- we have word- prices rising to $3.79 in Ohio, $3.85 in Michigan, $3.85 in Indiana- no matter where you live- how much have prices risen in a week near you?
Posted by: southsiderMMX Mar 7 2012, 03:20 PM
Gas Buddy is saying to expect another hike tomorrow or soon after. this will be the one to push us over $4 a gallon.
Posted by: southsiderMMX Mar 9 2012, 09:16 AM
GasBuddy
Motorists in OH, IN, MI: BREAKING: It appears that prices in MI and IN will resist $4 as they reset to $3.99. Prices in Ohio rising to $3.89 today. Did you get our warning and fill up for less?
Posted by: southsiderMMX Mar 20 2012, 09:43 AM
It sounds like we are looking at a leap to $4.35 locally.
Posted by: MCRogers1974 Apr 13 2012, 11:14 PM
Prices $3.94 in MC but still $ 3.62 in Fort Wayne. Rip off?
Posted by: Southsider2k12 Apr 14 2012, 07:56 AM
Prices $3.94 in MC but still $ 3.62 in Fort Wayne. Rip off?
Futures are in the $3.35 range. The Fort Wayne price is unsustainable when you add back taxes.
Posted by: Southsider2k12 Apr 18 2012, 10:18 AM
Gas futures have fallen about 20 cents in the last few days. If we stay here, we should settle into the $3.70's maybe even $3.60's at the pump. Trend is definitely downward.
Posted by: Southsider2k12 Apr 20 2012, 02:15 PM
Reports are that gas prices are boucing up all around town! If you find something in the $3.60's or .70's, fill up ASAP!
Posted by: Southsider2k12 May 11 2012, 01:50 PM
With gasoline futures hovering around $3 a gallon, retail prices have fallen back into the $3.60's around MC. If the futures stay stable and no refinery issues pop up, this is about where prices should be. I wouldn't look for prices to go too much lower, and if they do, they won't stay there.
Posted by: Southsider2k12 May 22 2012, 09:10 AM
Gas prices are sliding back into the $3.50s around town. With the futures down under $3.00, they should be sustainable, but don't be surprised if there is a Memorial weekend spike.
Posted by: mc46360 May 22 2012, 10:12 PM
I was out at 6:00pm and prices were at $3.99 most places, I just don't understand this, LaPorte still had prices of 3.39 according to gasbuddy.com
Posted by: Grammy515 May 23 2012, 02:02 PM
I was out at 6:00pm and prices were at $3.99 most places, I just don't understand this, LaPorte still had prices of 3.39 according to gasbuddy.com
I got a text today that gas is $3.44 at Kroger's in LP......still $3.98 here....bs
Posted by: Southsider2k12 May 23 2012, 02:12 PM
The futures are under $2.90 now. Gas should be in the $3.50 to $3.60 range at the pumps. $4 is criminal.
Posted by: Southsider2k12 Jun 15 2012, 08:44 AM
http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=56644&information_id=113745&type=&syndicate=syndicate
According to AAA on Thursday, Indiana has the 7th highest gas prices in the nation at an average of $3.78 per gallon. The Midwest region is experiencing the same increase, as Michigan has the 6th highest gas prices, Illinois has the 10th highest and Ohio has the 12th.
Zoeller said his office has been monitoring prices and determined the recent spike is due to a drop in the Midwest region’s oil supply after one refinery shut down and three others partially closed – all located in Illinois.
“While prices at the pump have increased so have our office’s efforts to monitor and track fluctuations,” Zoeller said. “It appears that this latest hike is a direct impact of the supply chain being disrupted. It is our hope that once these refineries come back online Hoosiers will start to see a lower price on the retail level.”
The four refineries which experienced decreased capacity combined account for 81 percent of refining capacity in Illinois and Indiana. Zoeller said this continued decrease in supply, on a regional level, has caused the unusual increase in prices for states in the Midwest.
The Wood River refinery, the 6th largest in the country, operated by Marathon is performing annual maintenance earlier than expected this year. In addition, this refinery will be addressing environmental quality issues related to a lawsuit filed by the Illinois Attorney General’s Office.
Zoeller said scheduled partial refinery closings in Illinois include Exxon Mobil in Joliet, Marathon in Robinson and CITGO in Lemont. Indiana’s BP Whiting Refinery, which experienced a partial shutdown from June 1 – 11, is now back online.
The Attorney General’s Office received 65 gas-price related complaints so far this month – with more than 90 percent of those complaints submitted this week alone. Zoeller said this month’s spike in gas-price related complaints is the highest number the office has received in 2012.
Since 2003, the Indiana Attorney General's Office has watched the price of gasoline sold at the retail level and compared the pump prices to the local and state averages, trading prices on the futures market and other statistical data.
Zoeller said his office has authority over retail price gouging only and the Federal Trade Commission has jurisdiction over wholesale price gouging. Illegal pricing activities can include agreements between retailers to fix prices, deceptive sales acts or excessive prices during a state of emergency.
Hoosiers who want to report suspected price gouging at retail stations can do so by calling the Attorney General’s Office hotline toll-free at 1-866-241-9753.
For more information about how the Attorney General's Office tracks gas prices, visit www.indianaconsumer.com and click on "Gasoline Prices" in the menu. Driving efficiency tips and a gas savings calculator are available on the website to help drivers determine the potential savings by increasing fuel efficiency.
Posted by: Southsider2k12 Jun 21 2012, 10:02 AM
Oil futures fighting $80. Gas futures under $2.60 in front month, down in the $2.20's out a few months. That could indicate sub-$3 gas in the fall. In the short term, assuming no refinery problems, we should be looking at somewhere around $3.25 gas within the next month.
Posted by: Southsider2k12 Jun 26 2012, 10:11 AM
Gas prices are really coming down around the area, as was predicted here! Price around town are hitting $3.31 in many places. Remember it hit the middle $3.80s just two weeks ago. Prices could have a little bit more room to fall, but remember, the 4th of July is coming up next week, so don't be shocked to see a temporary bump up.
Posted by: Southsider2k12 Aug 2 2012, 08:57 AM
GasBuddy
Buddies reporting prices jumping to $3.95 in MI, $3.89 in OH, $3.95 in IN, $3.89 in KY... a
Posted by: Southsider2k12 Aug 2 2012, 09:13 AM
http://www.suntimes.com/business/14135396-420/story.html
Prices are nine cents higher than they were a week ago, and now average $4.01 a gallon in the city.
“We got double-whacked over the weekend,” energy analyst Phil Flynn said Tuesday. “The energy gods are unhappy with Chicago. We can’t get a break.”
The BP refinery in Whiting, Ind., shut down a coker unit that produces raw coke used in fuel after the brief fire, and media reports said the unit might take four weeks to repair. A BP spokesman declined comment Tuesday on the duration, saying it was just one of dozens of processing facilities at the refinery and indicating the malfunction was no different than any other equipment breakdown.
In the Wisconsin spill, Enbridge Inc. said repairs to its ruptured pipeline were expected to be completed Tuesday, though regulators stopped the pipeline’s reopening. The accident caused a production slowdown at Citgo Petroleum Corp.’s refinery in Lemont.
Posted by: Southsider2k12 Aug 22 2012, 02:47 PM
Sounds like a gas price spike is underway in City... led by? BP. If you see a price in the $3.60's or $3.70's, fill up, because they are heading up to the $3.95 to $3.99 range.
Posted by: Southsider2k12 Aug 27 2012, 07:35 AM
Gas futures are spiking because of Isaac moving into the oil rich sections of the gulf. I would advise everyone to fill up their tanks ASAP!
Posted by: Southsider2k12 Aug 27 2012, 09:00 AM
Fill up your tanks ASAP. I'd be willing to bet we see a jump to something like $4.29 or more in the next couple of days.
FromGasBuddy
BREAKING: Pipeline closure in Great Lakes sending wholesale gasoline prices up over 20c/gal. Gulf region up 17c/gal due to Isaac.
Posted by: Southsider2k12 Aug 27 2012, 02:05 PM
FromGasBuddy
Recap: wholesale gasoline prices rose the most today in the Great Lakes (NOT the Gulf! Gasp!) Great Lakes motorists- be ready for jumps of 15-35c/gal in next 48 hours in MI, IN, OH, possibly KY, IL, WI, MO. Gulf areas- be ready for 5-20c/gal in next 96 hours. East Coast, be ready for 5-20c/gal in next 96 hours. Everyone will likely see gas prices rising by Labor Day Weekend. Lousy!
Posted by: Southsider2k12 Aug 28 2012, 08:19 AM
Here is the spike we warned you about yesterday. Pay attention to the damage to the gulf oil production and refining capabilities, as that could lead to a secondary spike.
FromGasBuddy
We're up bright and early firing up the e-mail alert machine! Due to the situation, we're only sending alerts to those who will see the BIGGEST hikes. But everyone should be aware prices will be rising! MI, IN, OH, KY could see near or over $4/gal today as a result of a massive spike in wholesale prices yesterday! Share this and warn your friends!
Posted by: Southsider2k12 Oct 16 2012, 10:45 AM
GasBuddy
If you live in the Great Lakes, don't be filling up completely unless you spy gasoline under $3.30- you have some big decreases in the upcoming days!
Posted by: Southsider2k12 Oct 17 2012, 11:49 AM
GasBuddy
If you live in the Great Lakes, don't be filling up completely unless you spy gasoline under $3.30- you have some big decreases in the upcoming days!
Gasbuddy put a a chart on the spot wholesale prices of gas by region. The Chicago area was in the $2.30 range. If you add back taxes, that means that gas could be going to $3 pretty soon if prices hold here.
Posted by: Southsider2k12 Oct 26 2012, 10:45 AM
GasBuddy
MI, IN, OH, KY, WI, IL- GAS ALERT gasoline prices are likely to rise by early next week (likely Monday) as wholesale prices are up 18c/gal in the last two days. We're giving you a big heads up!
Posted by: Southsider2k12 Nov 5 2012, 09:50 AM
Gas prices have settled in locally at just under $3.20. While we are about 10 cents a gallon cheaper than most of the surrounding areas, we are right in equilibrium with where futures prices on right now.
Posted by: Southsider2k12 Nov 5 2012, 10:04 AM
Gas prices have settled in locally at just under $3.20. While we are about 10 cents a gallon cheaper than most of the surrounding areas, we are right in equilibrium with where futures prices on right now.
Evidently, I am a jinx.
Status Update
By GasBuddy
Price hike in the Great Lakes today! Heads up! It's already starting in some areas. MI, OH, IN, WI, IL, WV.
Posted by: JHeath Nov 8 2012, 01:44 PM
Evidently, I am a jinx.
Status Update
By GasBuddy
Price hike in the Great Lakes today! Heads up! It's already starting in some areas. MI, OH, IN, WI, IL, WV.
What was the reason this time around?
Posted by: Ang Nov 8 2012, 02:43 PM
The election is my guess
Posted by: Southsider2k12 Nov 8 2012, 02:45 PM
What was the reason this time around?
There was a wholesale spike, possibly due to refining losses after the hurricane.
Posted by: Southsider2k12 Nov 12 2012, 10:22 AM
From GasBuddy----
MI/IN/OH/KY/IL/WI Price hike: prices rising today to $3.69 in Michigan, $3.59 in Indiana, Ohio, $3.55 in Kentucky, unknown in WI/IL.
Posted by: Southsider2k12 Dec 10 2012, 09:03 AM
We have seen some big drops locally, since the spike last week. Though the best prices are all off of Franklin Street.
http://blog.gasbuddy.com/posts/National-average-continues-to-march-lower/1715-521406-1499.aspx
Four U.S. states already have gasoline prices under their December 25, 2011 average: Alaska, Hawaii, Minnesota, and Oregon. Alaska is an astonishing 47c/gal lower than just a year ago on this date, while the other areas are just pennies lower.
While those four states will likely not be seeing their highest ever Christmas Day prices, several states appear ripe for records- highest ever Christmas Day prices: New York, New Jersey, Idaho, Utah, and Vermont, where prices are currently running an average of 29c/gal higher than last Christmas. With Christmas just about two weeks away, it is likely these states break records.
Around the rest of the country, other states that may come close to setting records: Wyoming, Rhode Island, Pennsylvania, New Mexico, New Hampshire, Massachusetts, Maine, Connecticut, and Delaware. Why so many states in the East, you ask? Likely due to their low levels of gasoline available in inventories. Things have been tight there, a year after refineries closed and were offered for sale. The situation may slowly return to normal over the next year, but don't expect an overnight improvement.
"The national average has continued to see a steady decline over the last week, and that trend will likely continue through this week at the very least," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Last week, the Energy Information Administration reported one of the largest single week increases in gasoline inventories in my recent memory, which will likely contribute downward pressure to wholesale gasoline prices in the days and perhaps weeks ahead," DeHaan said.
Read more at http://blog.gasbuddy.com/posts/National-average-continues-to-march-lower/1715-521406-1499.aspx#Jw7ZPB8eooZeDW4c.99
Posted by: JHeath Dec 11 2012, 09:52 AM
We have seen some big drops locally, since the spike last week. Though the best prices are all off of Franklin Street.
http://blog.gasbuddy.com/posts/National-average-continues-to-march-lower/1715-521406-1499.aspx
Best price in MC is usually at the Family Express at the intersection of Johnson Road and Hwy 20.
Posted by: Southsider2k12 Dec 13 2012, 10:02 AM
Gas prices are really crashing both locally, and around town. After the price hike last week to $3.55, Prices have fallen as low as $3.13 in town, and under $3.10 in some other towns in the area. This is probably due to the record inventory levels that were announced in the last couple of weeks, as the futures haven't gone down nearly as much as wholesale prices.
I wouldn't be shocked to see prices rebound to the $3.30 level in a couple of weeks unless futures prices start to drop as well. But for now, enjoy!
Posted by: Southsider2k12 Dec 17 2012, 06:21 PM
I just filled up on north Franklin for $2.98 a gallon. Gas buddy has already put out a price increase alert, so I am guessing the spike is coming tomorrow.
Posted by: Southsider2k12 Jan 7 2013, 12:55 PM
Gas spiking to $3.39 today.
Posted by: Ang Jan 7 2013, 01:15 PM
When my tank is empty, the price goes up. When my tank is full, the price drops.....
**SIGH**
Posted by: Southsider2k12 Jan 8 2013, 09:30 AM
When my tank is empty, the price goes up. When my tank is full, the price drops.....
**SIGH**
I would be shocked if it happened any other way!
Posted by: Southsider2k12 Jan 9 2013, 10:26 AM
There were bigger gains in inventory in the midwest specifically. I wouldn't be be surprised to see another short term run locally at $3 a gallon soon. The price jump from Monday is already being erased quickly.
GasBuddy:
BREAKING: Today's EIA data shows gasoline inventories start the New Year at their highest January level ever. Wholesale prices likely to lock in decreases after the market closes tonight, as spot gasoline prices currently lower in trading.
Posted by: Southsider2k12 Jan 17 2013, 02:22 PM
From Gasbuddy
Gasoline prices appear to be rising in Michigan to $3.35/gal. Other surrounding states should beware that prices could rise in IN, OH, KY, IL as well.
Posted by: Southsider2k12 Jan 21 2013, 10:59 AM
GasBuddy
BREAKING: Another gasoline price hike occurring in Great Lakes today as reported by spotters, seems scattered stations have started to raise prices to $3.49/gal in MI, IN, OH- also watch out in WI, IL, KY, WV, MO, MN!
Posted by: Southsider2k12 Jan 24 2013, 12:10 PM
There is a 10 cent spread in gas prices between stations on South Franklin, and the cheapest stations down east Hwy 20 a bit further. Keep your eyes open!
Posted by: Southsider2k12 Jan 28 2013, 10:11 AM
Status Update
By GasBuddy
Prices appear heading to $3.59/gal in scattered parts of MI, IN, which means watch out in OH, IL, WV, KY, MO, MN! Prices seemingly going up in most areas of the USA and parts of Canada! YUCK!
Posted by: Southsider2k12 Mar 11 2013, 10:10 AM
A few stations have gotten as low as $3.44. Fill up quick as prices are going up to $3.89 at some stations.
ALERT: A gas price hike may be looming for MI, IN, OH, IL, MN, MO, WI today or tomorrow.
Posted by: JHeath Mar 11 2013, 01:55 PM
A few stations have gotten as low as $3.44. Fill up quick as prices are going up to $3.89 at some stations.
ALERT: A gas price hike may be looming for MI, IN, OH, IL, MN, MO, WI today or tomorrow.
Drove past the corner of Woodland & Greenwood around 7am, gas was 3.49/gal.
At 2:10pm, it was 3.87/gal.
Posted by: Southsider2k12 Mar 11 2013, 02:03 PM
The part that angers me most is I heard stories all morning about falling gas prices. Gee thanks for that.
Posted by: MCRogers1974 Mar 11 2013, 02:24 PM
The part that angers me most is I heard stories all morning about falling gas prices. Gee thanks for that.
Crude oil was down sharply in trading today. I guess we get screwed again by the big oil companies.
Posted by: Southsider2k12 Mar 11 2013, 02:33 PM
Crude oil was down sharply in trading today. I guess we get screwed again by the big oil companies.
gas futures were down 4 cents a gallon.
Posted by: JHeath Mar 12 2013, 03:47 PM
Gas dropped nearly 20 cents. Gee...
Posted by: Southsider2k12 Mar 13 2013, 05:56 PM
Gas dropped nearly 20 cents. Gee...
Even more in some places.
Posted by: Southsider2k12 Mar 18 2013, 09:08 AM
A quick heads up... It looks like gas prices might be going up today. A few scattered stations around town have already gone up to the $3.79/$3.89 range as of yesterday. A fill up might not be a bad idea.
Posted by: Ang Mar 19 2013, 11:42 AM
I spent 20 minutes in line at Kroger waiting for gas. By the time I got off work, everyone had raised their prices except Kroger, which was still at $3.59. All the other stations were at $3.99.
Posted by: Southsider2k12 Jul 8 2013, 12:22 PM
GasBuddy
Our system is starting to detect gas price spikes in Michigan and Ohio, usually the first two states to see it, so watch out IN, WI, IL
Posted by: Ang Jul 10 2013, 06:50 AM
Heard on GMA this morning that because of what's going on in Egypt, our gas prices will skyrocket and they anticipate the national average to be over $4/gal. Which mostly likely means our gas will be close to $5/gal since we seem to always be well above the national average.
Posted by: Southsider2k12 Jul 10 2013, 08:09 AM
Heard on GMA this morning that because of what's going on in Egypt, our gas prices will skyrocket and they anticipate the national average to be over $4/gal. Which mostly likely means our gas will be close to $5/gal since we seem to always be well above the national average.
Futures have gone to $2.95 a gallon, which puts our prices at right about where they should be.
Posted by: Southsider2k12 Jul 23 2013, 07:08 AM
It looks like we have entered a bit of a gas price war locally. It might be triggered by the Phillips 66 station that took over the old Jewel gas station, but prices in City are as low as $3.73 in town. Places like Chesterton and Valpo are still in the high $3.80's or more.
Posted by: Southsider2k12 Jul 26 2013, 12:11 PM
Gas prices now as low as $3.62 around MC. With futures still around $3.04 this is on the very low end of about where prices should be. I wouldn't be surprised to see an early week spike back to the $3.89 to $3.99 range.
Posted by: Southsider2k12 Aug 13 2013, 08:41 AM
GasBuddy
Spotters reporting a price hike may be underway in MI, IN, and OH! Watch out IL, WI, KY, MO, MN!
Posted by: Southsider2k12 Aug 19 2013, 09:17 AM
Gas futures are sitting at $2.96 currently, and prices around town are in the $3.45 range. That is on the pretty low end of things, so don't be surprised to see a mid-week spike.
Posted by: diggler Aug 20 2013, 03:27 AM
http://bit.ly/1cRGC19
Posted by: Southsider2k12 Aug 27 2013, 09:24 AM
Just as a heads up... Oil Prices are soaring today. They are up over $3 a barrel on the news out of Syria. Gasoline futures are up over 7 cents a gallon, and are back over $3.00 a gallon. It is my feeling that we are probably going to see a price spike coming in the next few days, and it wouldn't shock me if that level is around $4.00 a gallon at the pumps. Usually news like this leads to those sorts of price spikes. If I were you, I would top off my tank within the next day.
Posted by: diggler Aug 27 2013, 10:47 AM
Could get friggin ugly in the coming days ahead.
Posted by: diggler Aug 28 2013, 10:04 AM
Oil: Syria threat could hike gas prices, pull in 'entire Middle East'
By Ricardo Lopez
August 28, 2013
The threat of a U.S. strike on Syria is roiling global oil markets and could cause temporary price increases at the pump.
The price of October U.S. crude oil continued to rally Wednesday, rising to $110.34 a barrel -- a 1% increase. Brent crude oil was up $1.95 at one point, reaching nearly $116 a barrel.
Oil prices have been rising since July, when tensions in Egypt escalated into a crackdown on supporters of now-ousted president Mohamed Morsi. But prices jumped this week as the Obama administration weighed taking military action against the Syrian military for apparently launching a chemical attack against civilians.
Though Syria is not a large oil producer, the fear is that the conflict could spread across the region.
"The entire Middle East could become involved in this," said Patrick DeHaan, a senior petroleum analyst with GasBuddy.com. "The concern becomes that the supply chain could develop a kink."
DeHaan said higher crude oil prices are expected to translate into higher gas prices for consumers.
The average price of gas in the U.S. is $3.57 a gallon. In California, the average price is $3.78. If the conflict in Syria continues, those prices could rise by as much as 20 cents, DeHaan said.
In California, "prices could flirt with $4 a gallon," he said.
With Labor Day unofficially ending the summer driving season, demand should drop and price increases are expected to be temporary, analysts said.
Posted by: Ang Aug 28 2013, 11:50 AM
[soapbox]What the Syrians did is atrocious, but why is it our business to attack them? I just don't understand why we have to meddle in the affairs of other countries. Our money should be spend improving our own way of life. If we minded our own business, I firmly believe 9/11 and other terrorist attacks would have never happened. We are not the Rulers of the World and we need to stop trying to be.
Just my two cents.....[/soapbox]
Posted by: Southsider2k12 Sep 24 2013, 12:04 PM
http://www.nwitimes.com/business/local/gas-prices-have-been-dropping-should-fall-further/article_99d4d612-8d26-5479-aa90-bd640c25e27d.html
Average gas prices
Per gallon of regular fuel Monday Week ago Month ago Year ago Northwest Indiana $3.466 $3.485 $3.633 $3.891 Chicago metr… Read more
Gas prices have been dropping and could be 20 to 25 cents lower by Halloween.
The average retail gasoline price in the Gary metropolitan area fell 2.4 cents per gallon last week to $3.45 a gallon, according to GasBuddy.com's daily survey of more than 300 area gas stations.
Motorists can fill their tanks for as little as $3.31 a gallon in Burns Harbor, and for $3.33 a gallon in Hammond, Lake Station and East Chicago.
Prices have been falling and should decline further because the summer driving season is over, demand is dropping off and refineries are switching to a cheaper winter blend, said Patrick DeHaan, a Chicago-based senior petroleum analyst for GasBuddy.
"Kids are back in school, and people aren't taking vacations or doing as much discretionary spending," he said. "In Northwest Indiana, people aren't spending as much time on their boats in Lake Michigan. There's less vacation travel, and people aren't going to visit their lake cottages."
Gas prices traditionally decline in the fall, but retail prices are even lower this year because the hurricane season has largely passed without inflicting much damage to Gulf Coast oil refineries, DeHaan said.
The average price Sunday in the Gary metro area was 17.8 cents a gallon lower than a month ago and 41.7 cents a gallon lower than a year ago.
Indiana has has one of the biggest year-over-year drops in the country, Gasbuddy chief oil analyst Tom Kloza said. Gas has even fallen below $3 a gallon in Terre Haute.
Recent history suggests gas should get even cheaper between now and Halloween, by another 20 to 25 cents a gallon, Gasbuddy's analysts predict. A hurricane, escalation of the conflict in Syria, or several other factors could however abruptly halt the downward slide, DeHaan said.
"Indiana prices have been on a roller coaster," DeHaan said. "Prices should reverberate between $3.15 to $3.35 by Halloween, but that's just the range."
Downward pressures on gas prices should keep the upper hand over the upward pressures for the foreseeable future, but the balance can shift daily, he said.
Given the cost of oil, a few refineries for instance might struggle to make money on the current retail gasoline prices and throttle back on production, which would prop up what motorists pay at the pump and restore their margins, DeHaan said.
Posted by: Southsider2k12 Oct 3 2013, 02:25 PM
A bit good news on the gas price front locally. Now that the Syria news seems to have faded from the front page, futures prices have fallen into the low $2.60's and the prices at the pump have fallen accordingly. Locally we have gotten down to as low as $3.16 with all of the other towns in the Region around the same area of pricing. Price levels are sustainable in this area, so unless we fall towards $3, I wouldn't expect any price spikes in the short term. The wild card in this is the government shutdown. If it lasts for a longer period of time, we could actually see prices fall as economic activity slows. This information is also subject to the usual caveats about world news and refinery outages causing quick price spikes.
Posted by: Southsider2k12 Oct 15 2013, 08:06 AM
I haven't seen a warning from GasBuddy, but this morning prices in Valpo have spiked from $3.22 to the $3.49-$3.55 area. I don't know if this is a local spike, or if it just means our prices will spike later in the day, but I thought people might want the heads up.
Posted by: Southsider2k12 Nov 13 2013, 09:30 AM
Bad News at the pump... Looks like it is gas price spike day today. Prices appear to be jumping to $3.29 around The Region. If you see a price in the $2.90's fill up soon, because it won't last.
Posted by: Ang Nov 13 2013, 12:48 PM
Thanks for the heads up! I went out at lunch and managed to get my gas at Knoll Bros for $2.93/gal. While I was filling up, they increased the price to $3.27/gal. So, thanks to you, I beat the increase!
Posted by: MCRogers1974 May 28 2014, 05:31 PM
Gas Buddy reports a price spike up to $3.99 very shortly.
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