Gas prices are on the rise

Gas prices in Tippecanoe County are on the rise. Drivers may want to get used to seeing high gas prices.

Posted: Mar 21, 2019 6:58 PM

TIPPECANOE COUNTY, Ind (WLFI)—Drivers are feeling the pinch at the pump. As the season changes, gas prices rise. 

"I put twenty four, twenty five dollars worth of gas in," said Driver Lisa Dewitt. "and it just barely moved it up to little over a half a tank."

Purdue energy economist Wally Tyner says crude oil prices are rising due to Middle Eastern countries reducing their output of oil in hopes of raising the price for higher revenue.

"Crude oil has gone up about eight dollars a barrel," said Tyner. "And for every dollar that crude oil goes up. Gasoline goes up two and half cents."

In addition to that, part of the Whiting refinery in northwest Indiana caught fire earlier this year, causing problems that are now also impacting drivers. Below is a picture of the refinery catching fire back in February. (photo courtesy of nwi.com)

 "It has an outage," said Tyner. "It's not completely down, but part of it is out. And supplies from the biggest refinery where we get our gas, is way down."

Refineries must change the grade of oil as the weather warms up. And that switch, is costly.

"So the supply is down a little bit and that brings price up a little bit," said Tyner. 

Drivers are feeling the impact of the high gas prices. For many like Ralph Myars, they're caught completely off-gaurd. 

"I was driving by the gas station the other day and it had jump all the way up to two sixty almost over night," said Driver Ralph Myars."

Myars says he and his wife have a system. Grocery shop first, then fill up at the end of the month. Although lately, gas prices have caused them to re-think.

"Sometimes you gotta decided whether you are going to load up on groceries or you gonna load up on gas for the month," said Myars.

If you're looking for ways to save a little more money at the pump, take a look at GasBuddy.com. This website allows you to see and compare gas prices with other stations in the county, state, and country. 

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