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Gas Over $3 Nationally, Nearly $3 in Indiana STATE WIDE–The national gas average has surpassed $3 per gallon of regular, said Patrick DeHaan, head of Petroleum Analysis at Gasbuddy.com. Blame is being placed on the hack of the Colonial Pipeline and the ensuing panic buying in southern states served by the pipeline. While the national average was at $3.03, gas in Indiana is nearly at $3 per gallon. Gasbuddy reported the state average Wednesday morning was $2.86 per gallon, and rising. The cheapest gas in the state was in Portland, at $2.68 per gallon. NEWS RELEASE: Gas Prices Hit $3 Per Gall...

Does the Colonial Pipeline shutdown impact the rise in Kentucky gas prices? Fears about pipeline lead to rush on gas and last updated 2021-05-12 13:43:16-04 (LEX 18) — People across the country are paying more to fill up their vehicles. That's assuming they can find a gas station that has fuel for them. Where is the Colonial Pipeline? As you can see in the map below, the pipeline does not run through Kentucky, but it does span across one of our bordering states: Virginia. Colonial Pipeline Another line does branch out from the pipeline to bring fuel to Tennessee. There currently is not a...

Healthy for the market. there had has not been one in stocks since 2011. so don't freak out. but what's rattling the markets, oil here. crude oil $47 a barrel right now, cut in half since the summer. that chart is so good for consumers right there. $2.19 a gallon average. that's the average for a gallon of gas. it's been falling for 100 days. that chart right there scares the ba jesus out of investors. >> should i freak out? >> do not freak out. it's a pause that refreshes potentially. 43 minutes after the hour. happening right now -- millions across the country facing these awful temperatur...

gasoline prices jumped 3 cents a gal just overnight to a national average now of $3.61. that makes 16 straight days of higher prices. and experts say we're heading for $4 a gal gas by summer if not sooner. president obama seized the political warning signs and knows the attack's already coming. this afternoon in florida he tried to stay ahead of the curve. >> since it's an election year, they're already dusting off their three-point plan for $2 gas. and i'll save you the suspense. step one is to drill and step two is to drill. and then step three is to keep drilling. anybody who tell...

They're ready to step in if iran should make good on this threat. abc's cecelia vega explains what exactly is at stake. >> reporter: any attempt by iranians to shut down the strategic strait of hormuz could send oil and gas prices skyrocketing in this country. an astounding 20% of the world's oil travels through that vital waterway, just 20 miles wide and right in iran's backyard. their navy chief said on iranian tv closing the strait of hormuz will be easier than drinking a glass of water. if they follow through on the threat, experts predict higher prices at the pump. >> depending on how lon...