Michiana gas prices up, analysts watching Isaac - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Michiana gas prices up, analysts watching Isaac

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GasBuddy.com says average gas prices in the South Bend area are up 7.2 cents in the last week to $3.83 a gallon.

We're paying about 10 cents more a gallon, on average, than the rest of the country, which averaged $3.73 a gallon. We're also paying about 10.7 cents more than we paid this time last year and 34.5 cents more than we paid last month.

One thing that could impact gas prices in the week ahead is Isaac. As of noon Monday, it was still a Tropical Storm but is expected to become a Hurricane as it approaches the Gulf Coast.

"It's entirely within the realm of possibility that we see refinery outages, oil production losses, and gasoline supply issues- essentially all the things you don't want to happen," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While this storm doesn't currently appear as powerful as other storms that have caused similar concern- we're continuing to watch the situation develop. One thing is for sure- I'm concerned that this storm will temporarily drive prices higher in the short term."

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