Gas Prices

Indiana gas prices soar to 50 cents above U.S. average

June 5, 2013
Associated Press
The website Gasbuddy.com said Indiana's average price of a gallon of unleaded regular gas was nearly $4.16 Wednesday afternoon, compared with the national average of nearly $3.64 a gallon.
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Rising gas prices put a crimp in Americans' spending

September 16, 2012
Associated Press
The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.
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Isaac brings higher gas prices, south and north

August 29, 2012
Associated Press
As Hurricane Isaac swamps the nation's oil and gas hub along the Gulf Coast, it's delivering sharply higher pump prices to storm-battered residents of Louisiana and Mississippi — and also to unsuspecting drivers up north in Illinois, Indiana and Ohio.
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Rising gas prices prompt creation of ninth area vanpool routeRestricted Content

April 7, 2012
Central Indiana Commuter Services started offering service this month between Franklin and the Defense Finance & Accounting Services facility in Indianapolis.
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High gas prices leading to lower demand for ethanol

April 6, 2012
Bloomberg News
Waning demand for gasoline is putting the United States on course to miss a target for ethanol use for the first time, signaling no let-up in the slide in prices.
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Fuel prices wreak havoc on Republic Airways turnaroundRestricted Content

March 10, 2012
Greg Andrews
If the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel will end up $40 million higher than the business plan.
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Compressed natural gas for cars shows signs of catching onRestricted Content

October 29, 2011
Chris O'Malley
The alternative fuel may soon generate more cash for local firms because it's much cheaper than gasoline.
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Republic soars as lower fuel costs prompt analyst upgrade

June 28, 2011
J.K. Wall
Shares of Republic Airways enjoyed a 22-percent rocket ride on Monday after a stock analyst gave the beleaguered company an upgrade and the price of jet fuel continued to moderate.
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Prices at gas pump painful for most Americans

May 20, 2011
Associated Press
In a poll about the cost of gasoline, 71 percent said rising prices will cause some hardship for them and their family, including 41 percent who called it a "serious" hardship.
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Frontier Airlines cuts second-quarter capacity plans

March 7, 2011
Associated Press
Indianapolis-based Republic Airways Holdings Inc. said Monday that it is reducing growth plans for its Frontier Airlines unit because of uncertainty about future oil prices.
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Rising pump prices rattle drivers, businesses

February 28, 2011
Associated Press
High fuel prices are forcing tough choices on small-business owners who are loathe to charge more for fear of losing cost-conscious customers.
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Volatile prices take a toll on gas station ownersRestricted Content

January 26, 2009
Cory Schouten
Last year's record-high fuel prices played a big role in a rash of shuttered gas stations in Indianapolis. The number of gas stations nationwide has slipped from about 200,000 in the 1990s to fewer than 160,000 today. In Indiana, the count has dropped from 3,500 to about 3,000.
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Fund to fuel ethanol use out of gasRestricted Content

December 29, 2008
Chris O'Malley
A state fund supporting an 18-cent-a-gallon tax credit for gas stations selling E85 ethanol was exhausted in the first three months of the state's new fiscal year.
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Diesel dip in price not fueling trucking recoveryRestricted Content

December 8, 2008
Scott Olson
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they're back on the road to recovery.
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Recession squeezes local logistics industryRestricted Content

July 21, 2008
Peter Schnitzler
State economic development leaders remain bullish on Indiana's future as a logistics hub even as two local players have been forced into bankruptcy and others struggle with high fuel prices.
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Oil companies drill in Indiana fields thought to be 'played out' a century agoRestricted Content

July 14, 2008
Chris O'Malley
Sky-high oil prices have rekindled an industry in east-central Indiana that many thought had run its course a century ago. A handful of wily prospectors motivated by oil prices approaching $150 a barrel are betting that's not the case.
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High fuel prices take toll on resale values for trucks, SUVsRestricted Content

July 7, 2008
Chris O'Malley
As motorists rush to buy antacid pills with each $4.25-a-gallon fill-up, the same car dealers who got pudgy five years ago selling SUVs with $6,000 profit margins are scrambling to profit from Aveos or anything else with decent mileage.
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Rising fuel costs may mean comeback for freight trainsRestricted Content

June 9, 2008
Chris O'Malley
Spiking diesel fuel prices have deflated trucking stocks and made road kill out of many a small motor carrier. It's sweet irony for anyone who's worn a pinstriped cotton cap to work. The rising price of diesel is poised to invigorate a mode of transportation that trucks nearly annihilated--the 40 freight railroads crisscrossing the state.
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