Indiana gas prices plummet nearly 20 cents over last week; Easing pain at the pump

INDIANA Hoosier motorists are catching a massive break at the pump this week. Average gasoline prices across Indiana have plummeted 19.9 cents per gallon over the last seven days, landing at an average of $3.89 per gallon today.

The data comes from GasBuddy’s weekly survey of 3,271 fueling stations across the state. Despite the sharp weekly drop, current prices still remind drivers of a volatile spring market; today’s average is 11.8 cents higher than one month ago and stands 70.2 cents higher than this time last year.

Nationally, the trend mirrored Indiana’s decline, though less drastically. The U.S. average for a gallon of regular gasoline fell 6.6 cents over the last week to sit at $4.45 per gallon. Meanwhile, diesel drivers also saw relief, as the national average price of diesel dipped 4 cents to $5.57 per gallon.

Massive Price Discrepancies Across the State

GasBuddy’s real-time tracking revealed a massive $2.41 spread between the highest and lowest prices in the state. Yesterday, the cheapest station in Indiana was spotted selling regular unleaded for $3.38 per gallon, while the state’s most expensive station was clocked at a steep $5.79 per gallon.

Regionally, Indianapolis drivers saw an even steeper decline than the state average, while neighboring cities faced vastly different markets:

  • Indianapolis: $3.90/g, down 22.4 cents from last week’s $4.12/g.
  • Champaign, Ill.: $4.79/g, down 5.5 cents from last week’s $4.84/g.
  • Cincinnati, Ohio: $4.54/g, up 8.0 cents from last week’s $4.46/g.
Patrick De Hann, Head of Petroleum Analysis at GasBuddy

Patrick De Haan, head of petroleum analysis at GasBuddy, noted that falling crude oil prices were the primary driver behind the sudden relief, which impacted 40 states over the last week.

“Much of the decline came after renewed optimism surrounding a potential U.S.-Iran agreement pushed oil prices lower, easing geopolitical pressure on energy markets,” De Haan explained. “In many states, that drop created breathing room after recent price cycles and allowed pump prices to fall again.”

However, De Haan warned that the relief may be short-lived due to ongoing volatility in the Middle East. “While oil continued drifting lower over the weekend on hopes of a deal, new CENTCOM reports involving U.S. defensive strikes highlight how quickly the outlook could change. For now, motorists may continue to see some relief, but it remains too early to know how long the decline will last.”

Historical Context: A Five-Year Lookback

While today’s sub-$4.00 average is a welcome shift from previous weeks, a look at historical data from May 26 shows that Indiana prices remain high compared to the early 2020s, with the notable exception of the 2022 energy crunch.

Year (May 26)Indiana AverageU.S. Average
2026$3.89/g$4.45/g
2025$3.19/g$3.13/g
2024$3.64/g$3.56/g
2023$3.62/g$3.55/g
2022$4.57/g$4.60/g
2021$2.96/g$3.04/g

The data utilized for these reports is compiled from more than 11 million weekly price entries covering over 150,000 stations across the country via GasBuddy, a PDI Technologies company.