Sandy helps gasoline prices to fall - 13 WTHR Indianapolis

Sandy helps gasoline prices to fall

Posted: Updated:
  • HeadlinesHeadlinesMore>>

  • Friends, colleagues remember life of slain IMPD officer

    Friends, colleagues remember life of slain IMPD officer

    Saturday, April 19 2014 12:34 PM EDT2014-04-19 16:34:23 GMT
    Picture provided by familyPicture provided by family
    The influence of an IMPD officer killed by her ex-husband in a murder-suicide went far beyond the police department. Neighbors and those who worked with Ofc. Kimberlee Carmack are still trying to understandMore >>
    The influence of an IMPD officer killed by her ex-husband in a murder-suicide went far beyond the police department.More >>
  • Gap between Indiana wages, living costs grows

    Gap between Indiana wages, living costs grows

    Saturday, April 19 2014 11:29 AM EDT2014-04-19 15:29:27 GMT
    Indiana workers' pay didn't keep pace with inflation last year, and economic experts say the state needs to focus more on the quality of jobs instead of the quantity to close the distance.Hoosier workers saw a mere 0.8 percent increase in pay last year. But federal data released this month show inflation grew 1.4 percent in the Midwest.Business leaders tell the Indianapolis Business Journal (http://bit.ly/1hVKISa ) that a high number of job seekers has allowed many employers to hold down wage...More >>
    Indiana workers' pay didn't keep pace with inflation last year, and economic experts say the state needs to focus more on the quality of jobs instead of the quantity to close the distance.Hoosier workers saw a mere 0.8 percent increase in pay last year. But federal data released this month show inflation grew 1.4 percent in the Midwest.Business leaders tell the Indianapolis Business Journal (http://bit.ly/1hVKISa ) that a high number of job seekers has allowed many employers to hold down wage...More >>
  • Lack of psychiatrists hits mental health patients

    Lack of psychiatrists hits mental health patients

    Saturday, April 19 2014 10:51 AM EDT2014-04-19 14:51:16 GMT
    A nationwide shortage of psychiatrists is forcing many mentally ill Indiana patients to wait months for an appointment.The Health Resources and Services Administration reports more than half the state's counties have a shortage of mental health professionals. The Journal Courier has found there is just one psychiatrist for every 57,585 residents in Tippecanoe and surrounding counties.The shortage stems in part from low reimbursement rates by insurance companies. A private psychiatrist will m...More >>
    A nationwide shortage of psychiatrists is forcing many mentally ill Indiana patients to wait months for an appointment.The Health Resources and Services Administration reports more than half the state's counties have a shortage of mental health professionals. The Journal Courier has found there is just one psychiatrist for every 57,585 residents in Tippecanoe and surrounding counties.The shortage stems in part from low reimbursement rates by insurance companies. A private psychiatrist will m...More >>
NEW YORK -

Gasoline prices have slipped since Hurricane Sandy left a wide swath of flooding, power outages and disrupted transportation in the eastern U.S.

The national average for a gallon of regular fell by about a penny, to $3.53 Tuesday. That's more than 11 cents lower than a week ago.

With many roads impassable, drivers won't be driving as much, reducing demand for gasoline.

Gasoline prices have been dropping since early October. Analyst Tom Kloza says that should continue over the next month November due to the storm. Less driving in the coming days coupled with November's traditionally lower demand should bring prices down later in the month.

Only two of the Northeast's nine refineries were knocked out of commission by Sandy, and they apparently are down because of power outages. But Kloza says it could take a while for supply to reach consumers in the region because of transportation problems.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

Powered by WorldNow