Indiana Pump Prices Spike

Average gasoline prices in Indiana have risen 14.5 cents per gallon in the last week, averaging $3.03/g according to GasBuddy’s survey of 3,271 stations in Indiana. Prices in Indiana are 0.5 cents per gallon higher than a month ago and stand 28.9 cents per gallon higher than a year ago. The national average price of diesel has declined 1.8 cents in the last week and stands at $3.472 per gallon.

According to GasBuddy price reports, the cheapest station in Indiana was priced at $2.44/g yesterday while the most expensive was $3.79/g, a difference of $1.35/g.

The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.98/g. The national average is down 7.5 cents per gallon from a month ago and stands 7.1 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

“As we edge closer to the end of the year, we’re seeing momentum for falling gas prices weaken, which is typical as the national average generally bottoms out between Thanksgiving and Christmas,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With oil prices rising back above $70 last week, gas prices may have less potential to drop much further, though there may be a second window of lower prices in January or February in some areas, but even that won’t last long.”