INDIANA- Average gasoline prices in Indiana have fallen 13.8 cents per gallon in the last week, averaging $3.10/g today, according to GasBuddy’s survey of 3,271 stations in Indiana. Prices in Indiana are 10.8 cents per gallon higher than a month ago and stand 35.3 cents per gallon lower than a year ago. The national average price of diesel has decreased by 3.2 cents in the last week and stands at $ 3.64 per gallon.
According to GasBuddy price reports, the cheapest station in Indiana was priced at $2.29/g yesterday while the most expensive was $3.54/g, a difference of $1.25/g. The lowest price in the state yesterday was $2.29/g while the highest was $3.54/g, a difference of $1.25/g.
The national average price of gasoline has fallen 5.3 cents per gallon in the last week, averaging $3.09/g today. The national average is down 1.1 cents per gallon from a month ago and stands 37.4 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 ten years:
July 7, 2024: $3.45/g (U.S. Average: $3.46/g)
July 7, 2023: $3.30/g (U.S. Average: $3.51/g)
July 7, 2022: $4.80/g (U.S. Average: $4.73/g)
July 7, 2021: $3.19/g (U.S. Average: $3.14/g)
July 7, 2020: $2.13/g (U.S. Average: $2.19/g)
July 7, 2019: $2.77/g (U.S. Average: $2.75/g)
July 7, 2018: $2.91/g (U.S. Average: $2.86/g)
July 7, 2017: $2.33/g (U.S. Average: $2.26/g)
July 7, 2016: $2.10/g (U.S. Average: $2.25/g)
July 7, 2015: $2.77/g (U.S. Average: $2.76/g)
Neighboring areas and their current gas prices:
Champaign- $3.23/g, down 6.0 cents per gallon from last week’s $3.29/g.
Indianapolis- $3.06/g, down 18.7 cents per gallon from last week’s $3.25/g.
Cincinnati- $2.82/g, down 12.1 cents per gallon from last week’s $2.95/g.
“Nearly every state saw average gas prices decline for the second straight week, even as the nation celebrated July 4 with the lowest national average for Independence Day since 2020,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That downward momentum may continue, as OPEC’s weekend decision to boost production by a larger-than-expected 548,000 barrels per day in August adds further pressure to oil prices, potentially accelerating supply builds. If tensions in the Middle East remain contained and the Gulf is spared from major hurricanes, the odds are improving that the national average could dip below $3 per gallon later this summer, but in the meantime, we could see the national average falling to its lowest summer level since the pandemic.”
