INDIANA – Pump prices are falling across Indiana following lower crude oil costs and post-maintenance refinery resets.
According to GasBuddy’s weekly survey of 3,271 retail stations across the state, average regular unleaded gas prices in Indiana fell 19.4 cents per gallon over the past seven days, bringing the statewide average down to $3.80 per gallon as of Monday.
Despite the steep single-week decline, Hoosier motorists are still paying 3.9 cents more per gallon than they were one month ago, and prices remain 91.1 cents higher than this time last year.
Statewide Price Spreads and Local Markets
Gasoline prices across Indiana varied significantly by location over the weekend:
- Cheapest Station in Indiana: $3.25 per gallon
- Most Expensive Station in Indiana: $4.59 per gallon
- Price Spread: $1.34 per gallon
In metro markets, Indianapolis saw average prices tumble 17.7 cents to $3.82 per gallon. Neighboring regional hubs also experienced sharp declines, with Cincinnati, Ohio dropping 35.1 cents to $4.08 per gallon, while Champaign, Illinois fell 6.2 cents to $4.52 per gallon.
National Trends and Diesel Outlook
The decline in Indiana mirrors a broader nationwide cooldown. The U.S. national average price of gasoline dropped 17.1 cents per gallon over the last week, sitting at $4.12 per gallon. Nationwide prices are down 24.7 cents compared to a month ago, though they stay $1.13 per gallon higher than a year ago.
Diesel drivers are also seeing relief. The national average price of diesel decreased 5.9 cents compared to last week, settling at $6.28 per gallon.
Historical Perspective: Indiana vs. U.S. Average (Nov. 2)
Looking back over the last five years, Indiana gas prices on November 2 show significant year-over-year shifts:
| Date | Indiana Average | U.S. Average |
|---|---|---|
| Nov 2, 2026 (Today) | $3.80 / gal | $4.12 / gal |
| Nov 2, 2025 | $2.89 / gal | $2.99 / gal |
| Nov 2, 2024 | $3.02 / gal | $3.08 / gal |
| Nov 2, 2023 | $3.29 / gal | $3.42 / gal |
| Nov 2, 2022 | $3.97 / gal | $3.75 / gal |
| Nov 2, 2021 | $3.30 / gal | $3.39 / gal |
Analyst Insights: Why Prices Are Falling
Industry experts point to seasonal demand drops and post-maintenance refinery restarts as key drivers for the price relief.
“Average gasoline prices fell in nearly every state over the last week, while diesel declined in most, as refinery maintenance wraps up and seasonal demand continues to fade with the onset of cooler weather,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That combination has given gasoline and diesel prices some much-needed breathing room, and motorists are finally seeing relief at the pump.”
De Haan noted that crude oil prices dropped nearly $2 during Sunday trading, with West Texas Intermediate (WTI) falling to $102.15 per barrel and Brent crude settling at $111.52 per barrel. However, he warned that geopolitical tensions and upcoming events could reintroduce market volatility.
“Volatility could return quickly after the election,” De Haan added. “Whether new attacks occur or a truce takes hold around the Strait of Hormuz, along with continued Ukrainian strikes on Russian refineries, will likely dictate where prices head as we move closer to the holidays.”
About GasBuddy
GasBuddy, a PDI Technologies company, compiles real-time pricing data from over 11 million weekly reports covering more than 150,000 gas stations across North America.
