INDIANA – Average gasoline prices in Indiana have decreased by 15.1 cents per gallon in the last week, settling at an average of $3.06 per gallon today, according to a GasBuddy survey of 3,271 stations in the state. This marks a 16.1-cent per gallon drop from a month ago and a 39.9-cent per gallon decrease compared to a year ago.
The cheapest station in Indiana was reported at $2.58 per gallon yesterday, while the most expensive was $3.89 per gallon, creating a price difference of $1.31 per gallon across the state.
Nationally, the average price of gasoline has decreased by 3.8 cents per gallon over the last week, now averaging $3.09 per gallon. This national average is down 6.9 cents per gallon from a month ago and is 41.0 cents per gallon lower than a year ago. The national average price of diesel has also decreased by 2.4 cents in the last week, currently standing at $3.465 per gallon.
Patrick De Haan, head of petroleum analysis at GasBuddy, commented on the trend, stating, “The national average price of gasoline has continued its gentle descent over the last week, with the most notable declines seen in the Great Lakes region, where a minor refinery issue was resolved, sending wholesale gas prices lower.” He added, “We’re also beginning to see prices retreat in California, a trend that should soon extend across much of the West Coast as additional gasoline shipments from Asia help offset recent refinery disruptions.” De Haan expressed optimism for further price declines due to increased refinery output. However, he cautioned that “any unexpected outages could still cause short-term price bumps.”
Neighboring areas are also experiencing price drops. In Indianapolis, prices are down 20.6 cents from last week, averaging $3.03 per gallon. Cincinnati has seen an 18.5-cent decrease per gallon, with prices now at $2.83 per gallon. Champaign, Illinois, experienced a more modest drop of 2.1 cents per gallon, with prices at $3.24 per gallon.
Historically, gasoline prices on June 2 have fluctuated significantly. On June 2, 2024, the average price in Indiana was $3.46 per gallon, compared to a U.S. average of $3.50 per gallon. In contrast, June 2, 2020, saw Indiana prices at $1.97 per gallon and the U.S. average at $1.99 per gallon.
