Gas Spike on the Way Due to Recent Rain

Gas Spike on the Way Due to Recent Rain
Created by kblakeslee on 4/19/2013 3:13:07 PM



FORT WAYNE, Ind (WOWO): A possible spike in gasoline is expected within the next 24-48 hours in Fort Wayne. "I expect stations to increase prices 10-25 cents per gallon over the next day or two with some stations starting to raise prices immediately," says Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.

DeHaan says a price hike was likely in the Great Lakes area after watching wholesale gasoline prices spike and he adds changes in wholesale gasoline prices can lead to increases hours later as stations pass along changes in the price they pay for gasoline.

Along with that, the recent rain has led to shutdowns of some pipelines in the region and refineries have also suffered set backs as the region received record-breaking rainfall.

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