INDIANAPOLIS (Legal Newsline) – The Indiana Attorney General’s Office said on Wednesday a gas price increase to $4.17 a gallon at certain stations was justified.
The office told Channel 6 News in Indianapolis that the hikes were caused by “market conditions,” including taxes, cost to buy fuel and credit card fees.
According to IndianaGasPrices.com, which is powered by the popular GasBuddy.com, gas prices as high as $4.29 for unleaded regular were being reported as of Wednesday afternoon.
In Indianapolis, in particular, prices were $4.19 a gallon. In Valparaiso, unleaded regular gas was $4.25 a gallon.
The national average for a gallon of unleaded regular is $3.879, according to AAA’s Daily Fuel Gauge Report. That is compared to $2.858 a year ago.
Earlier this week, the Indiana Petroleum Marketers and Convenience Store Association complained that stores were selling below cost for days and that increases were necessary.
Attorney General Greg Zoeller was expected to release more information on the gas hikes later Wednesday.
From Legal Newsline: Reach Jessica Karmasek by e-mail at firstname.lastname@example.org.