Prices at the pump drop

Average gasoline prices in Indiana have fallen 15.1 cents per gallon in the last week, averaging $3.06/g today, according to GasBuddy’s survey of 3,271 stations in Indiana. Prices in Indiana are 16.1 cents per gallon lower than a month ago and stand 39.9 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.4 cents in the last week and stands at $3.465 per gallon.


According to GasBuddy price reports, the cheapest station in Indiana was priced at $2.58/g yesterday while the most expensive was $3.89/g, a difference of $1.31/g.
“The national average price of gasoline has continued its gentle descent over the last week, with the most notable declines seen in the Great Lakes region, where a minor refinery issue was resolved, sending wholesale gas prices lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We’re also beginning to see prices retreat in California, a trend that should soon extend across much of the West Coast as additional gasoline shipments from Asia help offset recent refinery disruptions. While gasoline inventories remain somewhat tight heading into the summer, I’m optimistic that increased refinery output could pave the way for further price declines. That said, any unexpected outages could still cause short-term price bumps.”
GasBuddy’s averages, graphs, maps, and historical pricing data covering the U.S. and Canada are available 24/7 at http://prices.GasBuddy.com.