INDIANA – Indiana drivers are seeing a noticeable increase at the pump this week, with the average gasoline price rising by 13.7 cents per gallon over the last seven days. According to GasBuddy’s survey of 3,271 stations across the state, the average price of gasoline in Indiana today stands at $3.18 per gallon.
Despite the recent surge, current prices in Indiana are still 8.2 cents per gallon lower than a month ago and 22.8 cents per gallon below the average price recorded a year ago.
The price difference between stations in Indiana remains significant. Yesterday, the cheapest gas was reported at $2.74 per gallon, and the most expensive reached $3.49 per gallon, a spread of 75.0 cents.
Nationally, the average price of gasoline has also increased, rising by 2.0 cents per gallon in the last week to an average of $3.12 per gallon today. The national average is down 12.0 cents from last month and 49.6 cents lower than the average price on this date last year. The national average diesel price slightly increased by 0.2 cents last week. The average gasoline price in Indiana on May 5th of the previous year was:
- 2024: $3.41/g
- 2023: $3.42/g
- 2022: $4.20/g
- 2021: $2.88/g
- 2020: $1.66/g
- 2019: $2.89/g
- 2018: $2.85/g
- 2017: $2.18/g
- 2016: $2.22/g
- 2015: $2.50/g
Gas prices in neighboring areas show a mixed trend:
- Champaign: $3.29/g, down 0.9 cents from last week.
- Indianapolis: $3.18/g, up 14.9 cents from last week.
- Cincinnati: $3.10/g, up 25.2 cents from last week.
Patrick De Haan, head of petroleum analysis at GasBuddy, commented on the recent fluctuations, stating, “Last week was another mixed bag at the pump for many Americans, but there may be some promising short-term news from OPEC+, which has agreed to increase oil production starting in June.” He added that while refinery maintenance has limited price drops in response to lower oil prices, increased refinery output could lead to greater gasoline supply and a potential dip in the national average below $3 per gallon soon.
