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.
Continue readingAverage gasoline prices in Indiana have fallen 16.1 cents per gallon in the last week, averaging $2.88/g, according to GasBuddy’s survey of 3,271 stations in Indiana.
Continue readingAverage gasoline prices in Indiana have risen 14.7 cents per gallon in the last week, averaging $3.04/g, according to GasBuddy’s survey of 3,271 stations in Indiana. Prices in Indiana are 2.5 cents per gallon higher than a month ago and stand 1 cent per gallon higher than a year ago. The national average price of diesel has risen 1.1 cents in the last week and stands at $3.514 per gallon.
Continue readingTraveling by vehicle over the holiday season will not be as hard on the wallet as it has been in recent weeks.
Continue readingIt will be a busy travel week as Hoosiers make plans to visit loved ones for the Thanksgiving holiday.
Continue readingDemand for gasoline is on the rise, but oil production is not expected to increase in the near future which will result in higher prices at the pump.
Continue readingGas prices are expected to continue to increase with the rising price of crude oil, according to GasBuddy.com Head of Petroleum Analysis Patrick DeHaan.
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Gas prices continue to drop, due to coronavirus fears. GasBuddy Head of Petroleum Analysis Patrick DeHaan says the spread of the virus has halted a lot of travel to affected areas.
Continue readingGas prices ended 2019 almost 50 cents higher, on average in Indiana, than where they began the year. That’s according to statistics from GasBuddy. The state’s average was at $2.52 a gallon, as of Tuesday afternoon.
Continue readingThe decrease in gas prices is expected to continue. Patrick DeHaan, head of petroleum analysis at GasBuddy, says prices have been inching lower, following a spike during the attacks in Saudi Arabia. “The statewide average in Indiana is down about five cents a gallon in the last week,” DeHaan says. “It stands at $2.51. That’s about 50 cents lower than last year.”
Continue readingThe largest seasonal surge in gas prices since 2011 hasn’t put a roadblock in summer travel plans. If anything, more Americans are actually hitting the road than in past years.
Continue readingRising oil prices and the switch to summer blend gasoline continue to push prices up at the pump. That’s according to the weekly update released by GasBuddy Monday. Indiana’s average gas price was $2.58 a gallon, five cents higher than the week before and 19 cents higher than a month ago. But some gas stations were charging significantly more than that.
Continue readingHoosier drivers can expect to see gas prices continue to fluctuate during the month of February. GasBuddy’s Head of Petroleum Analysis Patrick DeHaan said drivers probably noticed higher prices starting on Monday of this week.
Continue readingThe steady drop in gas prices may soon come to an end. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says the average price of gas in Indiana has dropped from almost three dollars a gallon at the start of October to $2.20 on Monday. “But that may soon coming to a halt,” he says. “Oil prices are up sharply on the prospects that OPEC will cut oil production when it meets later this week at its annual meeting. In addition, there’s some optimism that a trade deal could be looming between the U.S. and China, thus bolstering the economy in the near short-term future.”
The Memorial Day travel period may be behind us, but gas prices continue to fluctuate. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says gas stations started raising their prices again late last week. “Oil prices had given up a little bit of ground on hopes that OPEC will raise production,” he explains, “but then quickly gave those losses back up and moved back up. Overall, I think we’ll see prices a little bit lower than where they were just ahead of Memorial Day weekend.”
Gas prices may be reaching a peak, but the cost of crude oil continues to cause concerns. “We’re very close to putting the worst days behind us,” says GasBuddy.com Senior Petroleum Analyst Patrick DeHaan, “though gas prices probably will still stay in the upper two-dollar range this summer, which is likely to be the highest since 2014.”
High gas prices can be blamed on the cost of crude oil and the switch to summer blend gasoline, according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “We’re seeing this across much of the Midwest,” he says. “We are transitioning to summer gasoline, and one of the larger refineries in the region is currently undertaking maintenance, which limits the ability to produce as much gasoline at a time of year that demand is starting to rebound. So really, those two factors, combined with oil prices that remain relatively high, are leading to higher gas prices.”
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
For the last 10 weeks, the United States has consecutively seen a steady decline in crude oil inventories, according to Gasbuddy.com Senior Petroleum Analyst Dan McTeague.
In January of 2017, the cost of a barrel of oil was around $52. McTeague shared that right now, we’re seeing prices closer to $66. That is a $14 difference and he said it may increase as the year goes on with high demand at the national and international level, increased exports and stalled production continuing to impact costs. Continue reading
Gas prices have recently been dropping across Indiana, but don’t expect that trend to continue. GasBuddy.com Senior Petroleum Analyst Patrick DeHaan says many of the issues that led to a spike in gas prices in early November have since been resolved. “Due to the factors we had previously talked about, a pipeline leak that has been fixed, refinery maintenance season, which is now done, gas prices have been in free fall across much of Indiana for the last two weeks.”
