Fort Wayne gas prices climb 18 cents in past week

"Gas Pump" by Mike Mozart, some rights reserved

FORT WAYNE, Ind. (WOWO): Gas prices are up in Fort Wayne.

The average price of a gallon of gas in Fort Wayne rose almost 18 cents in the past week to an average of $2.25 per gallon yesterday, according to GasBuddy. The national average also rose, but by a smaller rate of only 3.7 cents, to $2.16 per gallon.

“With the benchmark WTI crude climbing more than $8 per barrel since the beginning of the month to $48 per barrel and Brent above $50, we should not be surprised to see the average price of gas in many areas nearly 5 cents more than it was a week ago,” said Gregg Laskoski, senior petroleum analyst for GasBuddy.

“While wholesale gasoline prices reflect the run-up for crude, it may be short-lived since the clock is ticking on the rally for retail prices with just two weeks left before the Labor Day weekend and summer’s official end,” Laskoski added.  “So consumers should be prepared for modest increases this week that may actually taper off as we approach the holiday weekend.”

Despite the change, gas prices in Fort Wayne are still about 55 cents per gallon lower than they were one year ago, yet 31 cents higher than a month ago.

Today the lowest price in Fort Wayne is $2.18 per gallon at the Sam’s Club on Lima Road.

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