INDIANA — Hoosier drivers are finding significant relief at the pump this week, even as national and global pressures begin to push prices upward elsewhere. According to the latest data from GasBuddy, average gasoline prices in Indiana have plummeted 12.6 cents per gallon over the last week, settling at an average of $2.67/g today.
This local decline stands in stark contrast to the national average, which ticked up 1.2 cents to $2.88/g. Indiana’s current prices are now 23.3 cents lower than they were at this time last year.
While the state average is falling, the gap between the lowest and highest prices remains vast. GasBuddy’s survey of over 3,200 Indiana stations revealed a $1.15 price spread:
- Lowest Price in State: $2.24/g
- Highest Price in State: $3.39/g
Regional shifts within the state also show a dramatic decline in the capital; Indianapolis saw a massive 20.3-cent drop over the last seven days, bringing its city average to $2.59/g.
Indiana’s current average of $2.67/g is the second-lowest recorded for this date in the last five years, nearly mirroring 2021 levels.
| Year | Indiana Average | U.S. Average |
| 2026 | $2.67/g | $2.88/g |
| 2025 | $2.90/g | $3.08/g |
| 2024 | $3.19/g | $3.27/g |
| 2023 | $3.25/g | $3.35/g |
| 2022 | $3.36/g | $3.55/g |
| 2021 | $2.63/g | $2.65/g |
Geopolitical Pressures and the “Iran Premium”
Despite the recent dip in Indiana, experts warn that the trend may soon reverse. Patrick De Haan, head of petroleum analysis at GasBuddy, points to escalating tensions between the United States and Iran as a primary driver for rising crude oil costs.
“Average gasoline prices continue to drift higher as crude oil trades near its highest level since last summer, driven by mounting geopolitical risk premiums,” De Haan noted. While energy infrastructure remains intact for now, markets are wary of potential supply disruptions.
In addition to global tensions, localized issues—including refinery outages and disruptions along the Olympic Pipeline—are tightening supply. With planned refinery maintenance scheduled to intensify in the coming weeks, De Haan warns the national average is likely to retest the $3.00-per-gallon threshold soon.
Diesel on the Rise
While gasoline saw a local reprieve, the trucking and agriculture sectors are feeling the squeeze. The national average price for diesel has jumped 6.2 cents in the last week, currently standing at $3.686 per gallon.
Local Gas Price Snapshot
- Indianapolis: $2.59/g (Down 20.3¢)
- Champaign, IL: $2.75/g (Down 6.6¢)
- Cincinnati, OH: $2.78/g (Up 5.3¢)
