INDIANA – Average gasoline prices in Indiana on Sunday was $3.25 a gallon, the same as Saturday and 30 cents lower than Sunday’s national average, according to GasBuddy’s survey of stations in Indiana.
Indiana’s average was also nine cents lower than a week ago, 50 cents lower than a month ago, and 70 cents lower than a year ago.
The national average price of diesel has risen 3.8 cents in the last week and stands at $4.48 per gallon. It was also two cents lower than a week ago, 15 cents lower than a month ago, and $1.16 lower than a year ago.
Diesel prices in Lawrence County range from $4.29 to $4.24 a gallon. Regular fuel prices range from $3.29 to $3.09 a gallon.
According to GasBuddy price reports, the cheapest station was priced at yesterday while the most expensive was, a difference of. The lowest price in the state yesterday was while the highest was, a difference of.
“As air temperatures trend downward as we progress into fall, gasoline prices have seen another week of their own seasonal fall. The national average is on the cusp of falling to the lowest level since March, something that could happen this week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Demand for gasoline continues to weaken as we get closer to seeing the first snow flurries fly across some areas of the country, and against the backdrop of winter, there isn’t as much desire to get out. Coupled with cheaper winter gasoline and refinery issues that have faded to the rearview thanks to the drop in demand, gasoline prices have been weakening even as oil prices have climbed, putting pressure on refineries as margins flatten and gasoline becomes the unwanted byproduct of producing other products like diesel and jet fuel, which command a higher price than gasoline. However, there’s only so much refineries can do, because they must produce gasoline in high quantity to get those premium barrels. For now, that trend will likely mean further declines in the weeks ahead, before prices bottom out between Thanksgiving and Christmas.”
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.
