The stock market soared last year, as did some commodity prices, such as for eggs, milk and vegetables.
Gas prices fell to their lowest monthly average last year in November, and are expected to continue to decline.
MERRILLVILLE | About 30 hard hat-clad work crews have been mucking through mud throughout Northwest Indiana over the past few months while installing a $1.5 billion pipeline that will carry crude oil from Canada and the Dakotas to Midwestern refineries, including the BP facility in Whiting.
The price of crude oil is down to $103.30 a barrel, the Dow Jones is below 15,000, there are not any storms shutting down oil transportation or production facilities, but the price of gas goes up 20 to 25 cents in one day.
About 7,000 tradesman are still working on the BP Whiting Refinery project, or about half as many as had been employed during the peak of the construction.
A federal agency has approved the the first Indiana segment of a pipeline that will pass through the region while carrying Canadian crude oil to Midwestern refineries.
MERRILLVILLE | An estimated 500 employees of Enbridge Energy Partners LP would swarm into Hobart if the company's new Line 6B oil pipeline ever started leaking into the Deep River.
Gas prices in the region have rose to about $3.40 per gallon compared to $3.19, and in some places, as low as $3.09, just several days ago.
Enbridge Energy Co.'s plan to build a new $1.9 billion pipeline across northern Indiana and Michigan is drawing considerable interest. It should draw applause as well.
A Michigan City-based environmental group has more than 100 signatures for a petition seeking more regulatory scrutiny and public input on a plan from Enbridge Energy Partners LP to replace an aging oil pipeline originating in Northwest Indiana.
The agreement BP reached to pay $400 million to upgrade its environmental controls at its Whiting Refinery is a winner for all sides.
On this Thanksgiving Day, as we pause to count our blessings, the $3.8 billion Whiting Refinery expansion is among them. This project is providing high-paying jobs the region desperately needs.
WHITING | Traffic jams are all too common at 129th Street and Indianapolis Boulevard during a shift change at the BP Whiting Refinery.
Amid the battle of rhetoric and emotion waged at the national level over the proposed transcontinental Keystone XL pipeline, Northwest Indiana is home to a quieter effort to import more Canadian crude oil.
Amid the battle of rhetoric and emotion waged at the national level over the proposed transcontinental Keystone XL pipeline, Northwest Indiana is home to a quieter effort to import more Canadian crude oil. Energy giant BP is more than three years into a project to upgrade the Midwest's large…
HAMMOND | The economic recession and the Gulf oil spill may have affected the perception of energy markets in the United States.
Recent gasoline buyers have seen pain at the pump in terms of higher prices in recent days, and industry watchers aren't expecting them to fall soon.
BP PLC is deferring the start of part of its $3.8 billion modernization project at its Whiting Refinery until mid-2013, a company executive said Tuesday. The project was expected to be completed in late 2012.
In his first interview since becoming refinery manager, Nick Spencer said the money spent and jobs created by BP in Northwest Indiana should be a source of pride for residents. "It ought to be a facility that people are really proud of," said the London-born 52-year-old
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