Gas prices going up to highest since 2015

Why Gas in Indiana is Higher, and Could Reach $2.95 a Gallon

GasBuddy says the rise is due to Hurricane Harvey.

"Michigan, Indiana, Ohio, Kentucky and IL have been particularly hard hit this week, and gas prices may soon rise to their highest since 2015". Prices in IL, mainly around Chicago, could exceed $3 per gallon, he said.

Gas prices have spiked again and GasBuddy's Patrick Dehaan says we could see another big jump, to almost $3/gallon in the coming days because of a "perfect storm" of problems between the well and the pump.

They include refinery maintenance, a major pipeline outage and low gasoline inventories, according to Patrick DeHaan, head of petroleum analysis for GasBuddy, which tracks local gasoline prices.

Even though the storm didn't cause extensive pipe damage, some refineries waited to shut down for normally scheduled maintenance until after all was said and done. "It the case of Exxon Joliet refinery, (It's) nearly two-and-a-half times the size of the Co-op refinery we have in Regina, that has gone through maintenance as did two other refineries".

The Kentucky average price was listed at $2.429/gallon, and the national average was $2.508.

Secondly, a leak in a major pipeline last week has interrupted relief supplies to be sent from the Gulf Coast, according to DeHaan.

Previous year saw some of our lowest gas prices in the past decade with gas prices barely rising to the $2.00 mark throughout the first half of 2016.

"The third issue is that inventories of gasoline in the Midwest are at two-year lows", DeHaan said.

DeHaan expects relief once the Explorer Pipeline is repaired.

Even then, it will take days for gasoline flows to return to normal.

GasBuddy is a leader in crowd-sourced information for, real-time fuel prices at more than 140,000 gas stations in the U.S, Canada and Australia.

DeHaan says gas prices should come back down by Thanksgiving and Christmas, but likely won't dip below $2 anytime in the foreseeable future.