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Gas price spike frustrates Hoosiers as the July 4th holiday approaches

FORT WAYNE, Ind. (WPTA21) - Gas prices in Fort Wayne have reached a three year high. According to the tracking site “Gas Buddy”, it shows an average price of $2.97 per gallon for regular unleaded in the city. We haven’t been that high since the spring of 2014.

A shortage of tanker truck drivers has caused a backlog of supply. There is plenty of gas, but it isn’t all being distributed.

AAA says, the crunch will likely get worse. More drivers are expected to hit the highway this summer after last year’s slow-down on travel.

Experts blame an increase in demand and the colonial pipeline shutdown. They expect that by the fall, oil production should rise again and bring prices down. However, the road will remain bumpy with hurricane season threatening to disrupt supply chains.

According to a recent survey from "Gas Buddy", 46% of Americans say their plans were impacted by high gas prices. 74% of those planning to take a road trip this summer plan to take at least two, further emphasizing the increased demand for gasoline.

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Tony Betton Jr.

Tony Betton Jr. is the ABC21 weekend morning anchor/producer and serves as a multimedia journalist during the week. He is an Atlanta native and Georgia State University graduate. You can follow him on Instagram and Twitter (@TonyBettonJrTV) and on Facebook (@TonyBettonJrNews).

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