Gas prices at record high for February - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Gas prices at record high for February


Does it feel like you're getting pummeled at the pump these days? Gas is once again putting a strain on the budget.

"If I need gas, I need it, so I spend it," said RuthAnne Berry, an Elkhart resident.

Many people were feeling that way as they paid up at the pump Wednesday afternoon. Even with gas at a record high for this time of year at an average of $3.82 per gallon in the area, Michiana is not alone in the fight.

"It's not just Indiana or South Bend. It's across the country," Patrick DeHaan, Senior Petroleum Analyst,

Experts with the website say even though the area has seen prices closing in on $4.00 before, they are not really sure why prices are skyrocketing in February.

"Usually there's a smoking gun that we can say 'okay this is the rational for higher prices.. It's Libya, it's the Middle East, it's a refinery that blew up or caught fire," said Patrick DeHaan, "This year there's really none of that."

Many people say they are cutting back in other areas because of gas prices because the almost $4.00 for one gallon of gas can be used for a lot of other stuff.

It could mean not buying your kid a happy meal at McDonalds. Some people are having to make a cup of coffee at home instead of buying coffee at Starbucks in the morning. At one gas station in Michiana it's almost cheaper to buy two cartons of eggs and a car wash than one gallon of gas.

For Shelley Clemanes the higher price means less family fun.

"I have a grandchild in the car, so it could be money spent on her," said Clemanes, a Granger resident. "But [Wednesday] I have to spend it on gas."

People like Granger resident Tom Koepp are also cutting back their spending to save green at the gas pump.

"You're going to look at home much you're going to travel and when you're going to fill up and how you combine your trips," said Koepp. "When I go out it's always like 'lets go one trip and go stop, stop, stop.' because it just doesn't pay to do multiple trips out everyday."

The good news though, is pending something crazy happening, experts say Michiana has probably seen the worst of it.

"I think this recent rally has almost run it's course and unless there's some sort of new news, unless a refinery blows up, prices should come back down," said DeHaan.

DeHaan did say once spring break hits he would expect the price of a gallon to be around $3.85 again in the South Bend area and it could even climb over the $4.00 mark too.

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