Gas prices jump across Kentuckiana - wave3.com-Louisville News, Weather & Sports

Gas prices jump across Kentuckiana

Shell at Floyd and St. Catherine in Louisville. Shell at Floyd and St. Catherine in Louisville.
Marathon on Brown's Station Way in Clarksville. Marathon on Brown's Station Way in Clarksville.

LOUISVILLE, KY (WAVE) - If you haven't noticed yet, you are one of the few. Gas prices took a big jump on Tuesday causing dozens of you to call our newsroom to find out what's going on.

Prices around Kentuckiana jumped to at least $4.15 for a gallon of regular unleaded.  

Kentucky Attorney General Jack Conway's office tells us they are monitoring the situation. They believe the wholesale price in Louisville is still higher here than in most places due to the merger of Marathon and Ashland Oil.

Ashland Inc .spokesman Ken Gordon clarifies that Marathon purchased the remaining 38 percent interest of the Ashland-Marathon Petroleum LLC joint venture in a $3.7 billion transaction in 2005. The joint venture was created in the mid 1990's to manage Ashland's refining interest and led to the eventual exit of Ashland from the oil refining business.

The refining assets were sold to Marathon for $3.7 billion in 2005.

Last month, President Obama ordered a federal investigation by the Department of Justice to look into the price at the pump.

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