WBIW.com News - local

Brought to you by WBIW News and Network Indiana

Statistics Show Rise In Gas Prices Statewide

Last updated on Wednesday, January 6, 2010

(UNDATED) - According to gasbuddy.com, average retail gasoline prices in Indiana have risen nearly nine cents per gallon in the past week.

The statewide average is $2.69 for regular unleaded as stations pass along a rise in wholesale prices.

Triple a Hoosier Motor Club Spokesman Greg Seiter says several factors are to blame, including the recent holidays, a spike in crude oil costs and the cold snap gripping much of the country.

Oil prices surpassed $80 per barrel recently, causing some station to charge 85 cents per gallon higher than a year ago.

Seiter says overall oil demand dropped in 2009, resulting in excess production of gasoline and other products.

1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at comments@wbiw.com

© Ad-Venture Media, Inc. All Rights Reserved.

Click here to go back to previous page