Brought to you by WBIW News and Network Indiana
Last updated on Tuesday, December 9, 2008
(UNDATED) - Indiana is among a few states enjoying low gasoline prices.
The statewide average price for a gallon of regular unleaded is now $1.56 compared with three dollars last year at this time.
Ball State Economist Michael Hicks says you're not likely to see a "gas price war" again, but you could find a competitive skirmish between gas stations trying to claim the lowest gas price on the block.
He says a station's profit margin on gas hasn't changed much throughout the price fluctuations. But at least now their employees don't get complaints like they did when it was four dollars a gallon.
Greg Seiter with the AAA Hoosier Motor Club recommends shopping around for gas prices just as you would for food or clothing.
You can check current fuel prices in your area at indianagasprices.com or fuelgaugereport.com.
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