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June 28, 2013

NASH: The price we pay for gas

I know that I will probably regret even bringing this up, but I had to say something out loud to somebody besides my wife. 

For some time now I have noticed something and I am just wondering if I am the only one. I have been following the trends closely lately and have realized that the price of a gallon of gasoline has remained exactly the same at the Swifty at the corner of Spring and Silver streets in New Albany for at least three weeks.

It all started a few weeks ago, when the price of gas was reportedly headed north of $4 per gallon. That week, there was a news article in another newspaper reporting that the Indiana Attorney General’s office had received 80 complaints over the first few days of June after receiving only 15 in the month of May related to the price of gasoline. At the time, Indiana was reported to have the fourth-highest gas prices in the country.

The reason for that spike was apparently due to production delays at seven out of 10 of the Midwest’s largest refineries. The refineries in question had been hit by unforeseen technical problems or had slowed down production for routine maintenance. 

I am curious as to why they picked the first week of summer vacation for many people to do their “routine maintenance.” Would it not have been better to get it out of the way before the demand for gas became greater?

The week that it was reported that gas prices had been spiking across the state, the price of a gallon of gas at the Swifty that I drive by nearly on a daily basis was $3,49. A couple of days after the story reporting the price of gas was going up, that same Swifty station lowered the price to $3.48, where it has remained constant for over three weeks.

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