Average prices take another double-digit drop at the pump

Average gasoline prices in Indiana have fallen 11.7 cents per gallon in the last week, averaging $3.20/g yesterday, according to GasBuddy’s survey of 3,271 stations in Indiana. Prices in Indiana are 51.5 cents per gallon lower than a month ago and stand 3.4 cents per gallon lower than a year ago. The national average price of diesel has decreased 11.4 cents compared to a week ago and stands at $4.876 per gallon at the time of this report.

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Factors Impacting Crude Oil Prices and Ways to Save on Fuel Provided by Senior Petroleum Analyst

Gasbuddy.com Senior Petroleum Analysts Patrick DeHaan and Dan McTeague collaborated on a fuel price outlook for 2018.

Though the men did predict an expensive year ahead when they issued the prediction on January 3rd, McTeague said conservative figures were utilized in order to avoid making any assumptions that could have been considered too high. Five weeks into the New Year even the maximum predictions have been surpassed.

McTeague explained that one factor currently contributing to dwindling crude oil inventories is a leak to a frequently used pipeline. Continue reading