Gasoline to hit $3.25 to $3.50 by weekend

Indianapolis’ average price for a gallon of unleaded today went above $3 a gallon for the first time since Memorial Day weekend, but could reach record levels by Sunday in the Midwest, an industry analyst said.

By the end of the week, prices could reach $3.25 to $3.50 a gallon in the Midwest and Great Lakes, said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service.

IndyStar