Average gasoline prices in Indiana have risen 13.7 cents per gallon in the last week, averaging $3.18/g today, according to GasBuddy’s survey of 3,271 stations in Indiana.
Prices in Indiana are 8.2 cents per gallon lower than a month ago and stand 22.8 cents per gallon lower than a year ago. The national average price of diesel has increased 0.2 cents in the last week and stands at $3.501 per gallon.
According to GasBuddy price reports, the cheapest station in Indiana was priced at $2.74/g yesterday while the most expensive was $3.49/g, a difference of 75.0 cents per gallon. The lowest price in the state yesterday was $2.74/g while the highest was $3.49/g, a difference of 75.0 cents per gallon.
“Last week was another mixed bag at the pump for many Americans, but there may be some promising short-term news from OPEC+, which has agreed to increase oil production starting in June,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Here in the U.S., slightly more than half of the states saw gas prices rise, while many others saw modest declines. We continued to see price cycling in states prone to such movements, including much of the Great Lakes region, as well as in Maryland, Florida, and parts of Texas. However, the most notable development is OPEC+’s decision to raise production next month, as oil prices hover near their lowest levels since the pandemic. While gasoline inventories have been tightening due to ongoing refinery maintenance, which has limited how much gas prices have fallen in response to lower oil refinery output is expected to rise soon. As maintenance wraps up, we could see an increase in gasoline supply and a national average that may soon dip below $3 per gallon.”
GasBuddy’s averages, graphs, maps, and historical pricing data covering the U.S. and Canada is available 24/7 at http://prices.GasBuddy.com.
