Gas prices to decrease in coming weeks - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Gas prices to decrease in coming weeks

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Good news is in sight for Michiana residents as gas prices are expected to drop in the coming weeks. This is welcome news after a week of national highs in the local gas market.

Gasbuddy.com reports that the sudden change will come as more Midwest refineries come back online and increase production. ExxonMobil reports its Joliet, Illinois refinery is now back online.

The Energy Information Administration reported a healthy increase in the amount of gasoline supply in the region. They contribute this fact to consumers curbing their consumption of the record high priced gasoline.

GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said, "We expect some well needed relief in the days ahead for areas of the Great Lakes, especially Michigan, Illinois, Wisconsin, Indiana, and Ohio, where prices could fall 15-30c/gallon in the next week."

 

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