reporting that average retail gasoline prices--according to a daily survey
of 314 outlets in Gary--have risen 9.5 cents per gallon in the past week,
averaging $2.46 per gallon.
This compares to
the national average of $2.44 per gallon, which fell 1.6 cents per gallon in
the last week.
change in gas prices in Gary during the past week, prices yesterday were
37.8 cents per gallon higher than the same day one year ago and are 13.4
cents per gallon higher than a month ago. The national average has decreased
12.0 cents per gallon during the last month and stands 22.2 cents per gallon
higher than this day one year ago.
GasBuddy historical data, gasoline prices on Oct. 23 in Gary have ranged
widely over the last five years: $2.09 2016, $2.24 in 2015, $3.03 in 2014,
$3.31 in 2013, and $3.40 in 2012.
Areas near Gary and
their current gas price climate:
Rockford: $2.44, up
3.8 cents per gallon from last week’s $2.41.
South Bend: $2.52,
up 9.6 cents per gallon from last week’s $2.42.
Chicago- $2.71, up
5.9 cents per gallon from last week’s $2.65.
average gas price is lower for the sixth straight week, the longest such
decline since the summer of 2016,” said Patrick DeHaan, head of petroleum
analysis for GasBuddy. “Perhaps even more wild is that the national average
has now remained under $3 per gallon for nearly 3 years, or 1,087 days as
the days of cheap oil have continued.”
actions from OPEC may cause oil prices to hold above the key $50 per barrel
level, there is no threat of a quick return to the $3 per gallon days,”
DeHaan added. “In fact, the national average may continue to decline for a
few weeks before leveling off as gasoline inventories continue to heal after
“The future isn’t
all roses, however,” DeHaan said. “Some areas of the Midwest have seen
prices rise as refineries undergo seasonal maintenance and inventories in
the region remain tight, keeping prices elevated. Regional hotspots like
this may continue in the weeks ahead as gas stations come closer to fully
passing along lower gas prices after Harvey and now become subject to new
factors driving prices up and down.”
For live fuel price