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Winter storms causing fuel price hike

You will likely see gas prices in Indiana affected by the winter storm’s damage in Texas. The power has been shut off to some major refineries. “Some of the extreme temperatures in Texas have shut down as many as a dozen refineries,” said Patrick DeHaan, senior petroleum analyst with Gasbuddy.com. “Those refineries amount to about 20 percent of all U.S. refining capacity. We’re starting to see the losses in terms of gasoline production add up very quickly.” DeHaan said wholesale gas went up about ten cents Tuesday, and was rising again Wednesday morning. The average price for gas in Indiana was $2.47, Wednesday, the same as Tuesday. The national average was up two cents, at $2.56. DeHaan said you will likely see those prices go up.

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