INDIANA — Average gasoline prices across Indiana have fallen 12.3 cents per gallon over the past week, bringing the state average down to $3.38 per gallon today, according to GasBuddy’s survey of 3,271 Indiana stations.
Hoosier drivers are now paying 25.5 cents per gallon less than a month ago, though current pump prices remain 12.3 cents higher than this time last year.
The statewide price spectrum yesterday showed significant variation, with the cheapest station in Indiana offering fuel at $2.89 per gallon while the most expensive reached $4.19 per gallon—a spread of $1.30 per gallon.
Across the country, the national average price of gasoline dipped 3.2 cents per gallon over the last week to rest at $4.01 per gallon today. The national figure is down 7.3 cents from a month ago, but stands 86.2 cents higher than one year ago, according to GasBuddy data aggregated from more than 11 million weekly reports across over 150,000 U.S. stations. Meanwhile, the national average for diesel dropped 1.4 cents over the past week to $5.57 per gallon.
Five-Year Historical Price Comparison
On August 31, over the past five years, Indiana and national average prices per gallon were recorded as:
- August 31, 2025: Indiana: $3.26/g | National: $3.15/g
- August 31, 2024: Indiana: $3.23/g | National: $3.31/g
- August 31, 2023: Indiana: $3.65/g | National: $3.79/g
- August 31, 2022: Indiana: $3.94/g | National: $3.81/g
- August 31, 2021: Indiana: $3.14/g | National: $3.17/g
Regional Price Trends
Substantial drops were reported across neighboring metro areas over the past week:
- Indianapolis: $3.35/g, down 12.5 cents from last week’s $3.48/g.
- Cincinnati: $3.75/g, down 15.1 cents from last week’s $3.91/g.
- Champaign: $4.17/g, down 11.6 cents from last week’s $4.29/g.
Market Analysis and Geopolitical Pressures
Declining crude oil prices provided welcome relief at pumps nationwide, though global instability continues to create uncertainty for fuel markets.
“Average gasoline prices fell in slightly more than half of states over the last week while diesel declined in roughly half, as oil prices moved lower and offered some modest relief at the pump,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
De Haan noted that policy shifts and international developments will dictate near-term trends.
“Over the weekend, the Trump administration struck a major deal with Venezuela, a signal that the White House remains concerned about elevated fuel prices — though in reality, any benefits from increased Venezuelan output will take years to fully materialize and are unlikely to move the needle in the near term,” De Haan said. “The factors with the most immediate impact on where prices go from here remain the ongoing developments between the U.S. and Iran and continued Ukrainian attacks on Russian oil refineries, both of which continue to exert outsized influence on global fuel markets. Motorists should expect continued volatility in the weeks ahead.”
