INDIANA – Hoosier drivers are seeing continued relief at the pump as the average gasoline price in Indiana has fallen by another 8.8 cents per gallon in the last week, according to GasBuddy’s latest survey. The survey, which polled 3,271 gas stations across the state, found that the average price of regular unleaded gasoline was $3.01 per gallon today.
This downward trend represents a significant decrease compared to previous periods. Prices in Indiana are now 17.2 cents per gallon lower than they were a month ago and stand 66.0 cents per gallon lower than the average price recorded a year ago on April 21, 2023 ($3.67/g).
The price disparity across the state remains notable. Yesterday, GasBuddy price reports indicated that the cheapest gas station in Indiana was selling gasoline for $2.59 per gallon. In contrast, the most expensive station had prices as high as $4.11 per gallon – a difference of $1.52 per gallon.
Nationally, the average price of gasoline has also declined, falling 3.4 cents per gallon in the last week to an average of $3.10 per gallon today. The national average is down 1.8 cents per gallon from last month and is 54.6 cents per gallon lower than the $3.64 per gallon average recorded on April 21, 2024.
Meanwhile, the national average price of diesel has decreased by 2.7 cents in the last week and now stands at $ 3.51 per gallon.
Looking back at historical data, today’s average gasoline price in Indiana is considerably lower than prices seen in the past decade, except in 2020 when prices plummeted due to pandemic-related factors.
Historical Gasoline Prices in Indiana (and U.S. Average):
- April 21, 2024: $3.67/g (U.S. Average: $3.64/g)
- April 21, 2023: $3.63/g (U.S. Average: $3.66/g)
- April 21, 2022: $3.91/g (U.S. Average: $4.11/g)
- April 21, 2021: $2.82/g (U.S. Average: $2.88/g)
- April 21, 2020: $1.50/g (U.S. Average: $1.78/g)
- April 21, 2019: $2.83/g (U.S. Average: $2.84/g)
- April 21, 2018: $2.73/g (U.S. Average: $2.76/g)
- April 21, 2017: $2.41/g (U.S. Average: $2.42/g)
- April 21, 2016: $2.11/g (U.S. Average: $2.11/g)
- April 21, 2015: $2.35/g (U.S. Average: $2.46/g)
Gas prices in neighboring areas show a mixed bag:
- Champaign: $3.30/g, down 0.5 cents from last week.
- Indianapolis: $2.94/g, down a significant 12.6 cents from last week.
- Cincinnati: $3.02/g, up 11.9 cents from last week.
Patrick De Haan, head of petroleum analysis at GasBuddy, commented on the national trend, stating, “The national average has seen its second straight weekly decline, with gas prices falling in over 40 states. However, some states have seen increases due to localized price cycling.” He also noted the potential for a shift, saying, “With oil prices rallying over the past week, we may start to see the downward trend in gas prices begin to stall.”
Despite potential future fluctuations, De Haan highlighted the current savings for American consumers: “Regardless, Americans are currently spending over $200 million less per day on gasoline compared to this time last year.”
GasBuddy is recognized as a leading source for gas price information, providing real-time data from nearly 150,000 stations nationwide. Their comprehensive data, including averages, graphs, maps, and historical pricing, is available 24/7 at http://prices.GasBuddy.com.
