INDIANA – Average gasoline prices in Indiana have fallen 9.9 cents per gallon in the last week, averaging $3.21 a gallon today, according to GasBuddy’s survey of 3,271 stations in Indiana.
Prices in Indiana are 12.9 cents per gallon lower than a month ago and stand 31.7 cents per gallon lower than a year ago. The national average price of diesel has fallen 7.7 cents in the last week and stands at $4.38 per gallon.
The prices for regular fuel in Lawrence County range from $3.17 to $3.09 a gallon. The price for diesel is $4.39 a gallon.
According to GasBuddy price reports, the cheapest station in Indiana was priced at $2.84 a gallon yesterday while the most expensive was $3.60 a gallon a difference of 76.0 cents per gallon. The lowest price in the state yesterday was $2.84 a gallon while the highest was $3.60 a gallon, a difference of 76.0 cents per gallon.
The national average price of gasoline has fallen 4.3 cents per gallon in the last week, averaging $3.33/g today. The national average is down 17.6 cents per gallon from a month ago and stands 26.3 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Historical gasoline prices in Indiana and the national average going back 10 years:
- Feb. 27, 2022: $3.53/g (U.S. Average: $3.59/g)
- Feb. 27, 2021: $2.73/g (U.S. Average: $2.72/g)
- Feb. 27, 2020: $2.33/g (U.S. Average: $2.44/g)
- Feb. 27, 2019: $2.35/g (U.S. Average: $2.42/g)
- Feb. 27, 2018: $2.50/g (U.S. Average: $2.53/g)
- Feb. 27, 2017: $2.14/g (U.S. Average: $2.29/g)
- Feb. 27, 2016: $1.74/g (U.S. Average: $1.74/g)
- Feb. 27, 2015: $2.28/g (U.S. Average: $2.37/g)
- Feb. 27, 2014: $3.53/g (U.S. Average: $3.43/g)
- Feb. 27, 2013: $3.82/g (U.S. Average: $3.79/g)
Neighboring areas and their current gas prices:
- Champaign- $3.47/g, down 1.8 cents per gallon from last week’s $3.49/g.
- Indianapolis- $3.22/g, down 11.5 cents per gallon from last week’s $3.33/g.
- Cincinnati- $3.16/g, down 8.7 cents per gallon from last week’s $3.25/g.
“The national average has resumed its decline after a pause last week as oil and wholesale gasoline prices fell on worrisome inflation figures showing the Fed likely to ramp up rates to slow inflation,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Some nine out of 10 states saw declines over the last week, so the drops are showing up for most across the country, with the exception of the West Coast as the transition to summer blends continues, and in the Great Lakes, where prices cycled last week but have now resumed declining. For the weeks ahead, tradition tells us to expect prices to move up eventually, but that could be at least partially offset by inflationary data that continues to be hotter than expected, leading to anxiety that the Fed will boost interest rates and cooling the economy and oil demand considerably.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.