May 1, 2018

Higher Gas Prices Expected For Summer Travel

Higher Gas Prices Expected For Summer Travel

Gas prices are on the rise again.  Analysts predict the cost will rise at least 14 percent this summer.

In Indiana, the current average cost of regular unleaded is $2.78.

Triple-A Hoosier Motor Club Spokesman Greg Seiter says a jump is often a result of higher crude oil prices.

“Most of what we see, because we import so much oil, we utilize that from OPEC and other providing nations,” Seiter says. “We are, in so many ways, at the mercy at what the pricing equation is in the market place, and crude oil has been very high.”

Travel is expected to be very strong this summer despite higher gas prices. Sixty-four percent of those planning a family trip are expected to drive this year.

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