Local fuel prices see an increase while demand rises

Local News

TERRE HAUTE, Ind. (WTWO/WAWV) – Gas prices have hit a $3 dollar per gallon national average for the first time since 2014.

Meanwhile a cyber attack on a pipeline that supplies fuel to the east coast sparked concerns of fuel shortages in parts of the country. Locally, gas station owner Amandeep Singh says at this point they have not had any issues as far as having enough gas for their customers but he has seen fuel prices rise over the last few months.

“Gas prices are really high. Since I’ve owned the station, I bought it in April of 2020. Throughout the whole year, gas prices were very good,” said Singh. “They stayed mostly under two dollars. It’s surprising to see the gas prices went up to $2.91, $2.97. That’s unleaded regular gas. That’s crazy.”

According to Patrick De Haan head of petroleum analysis for Gas Buddy the higher prices are a sign that Americans activities are returning to normal.

De Haan says in a press release “rising gas prices are a sign Americans are getting back out into the world. This summer may see some blockbuster demand for fuel as well, as Americans find it very challenging to travel internationally, leading many to stay in the confines of U.S. borders, boosting some weeks to potentially record gasoline demand.”

In regards to the pipeline hit by the cyber attack, GasBuddy director of marketing and communications Allison Mac says it won’t impact Indiana due to there being refineries in the Hoosier state.

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