(UNDATED) - Average retail gasoline prices in Indiana have fallen 17.3 cents per gallon in the past week, averaging $3.39 a gallon, yesterday.
This compares with the national average that has fallen 7.1 cents per gallon in the last week to $3.53 a gallon, according to gasoline price website IndianaGasPrices.com.
Including the change in gas prices in Indiana during the past week, prices yesterday were 78.5 cents per gallon higher than the same day one year ago and are 34.6 cents per gallon lower than a month ago. The national average has decreased 7.2 cents per gallon during the last month and stands 82.9 cents per gallon higher than this day one year ago.
"Last week saw an impressive decline in crude oil and gasoline futures, and accordingly, motorists in most areas of the U.S. have seen retail gasoline prices decline. In some areas, price have outright plunged to under $3/gal," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "While social networking sites are abuzz about the decline, be warned that the market does remain extremely sensitive to geopolitical issues and refinery maintenance season is right around the corner," DeHaan adds.
GasBuddy.com operates over 200 live gasoline price-tracking websites, including IndianaGasPrices.com. GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.
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