Memorial Day Weekend, Gas Prices Peak

A number of unknowns make future gas prices hard to forecast.

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Photo: WFIU News

Gas prices spiked this weekend, making many travelers' Memorial Day plans more expensive than they may have expected.

As pump prices continue to fluctuate, officials admit they’re not sure what to expect. Gas prices in Indiana last week were around $3.55/gallon for regular gas, but they spiked to $3.95 just before Memorial Day.

Greg Seiter, with AAA Hoosier Motor Club, says there’s no reason for gas prices to climb above the four dollar per gallon mark once the summer is in full swing: “Once we get past that—and we’re almost there now—there’s really no forseeable reason for gas prices to continue to climb over the summer months.”

Seiter says a number of unknowns make future gas prices hard to forecast. They will creep back down, but he says that prediction is made without accounting for anything out of the ordinary, such as unrest in parts of the Middle East, domestic terror threats, or severe weather in the Gulf of Mexico.

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