Gas Prices Could Increase up to $3.00 A Gallon

By Maureen Mespell

Gas Prices Could Increase up to $3.00 A Gallon

November 4, 2010 Updated Nov 5, 2010 at 3:32 PM EDT

FORT WAYNE, Ind. (Indiana's NewsCenter) -According to GasBuddy.com, Midwest gas prices may climb up to over $3 dollars a gallon in the next 48 hours due to a small fire at a Chicago refinery and the Federal Reserve decision to inject $600 billion into the U.S. economy, driving down the value of the dollar.

While some gas stations may elect to absorb the extra cost to avoid the psychological $3 mark, it's likely that a majority of stations will pass the increase on to customers. The increase, if it happens, will be the highest in nearly 25 months.




What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from Indiana's NewsCenter are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet



© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.