Gas Prices Expected to Continue to Go Down

The decrease in gas prices is expected to continue. Patrick DeHaan, head of petroleum analysis at GasBuddy, says prices have been inching lower, following a spike during the attacks in Saudi Arabia. “The statewide average in Indiana is down about five cents a gallon in the last week,” DeHaan says. “It stands at $2.51. That’s about 50 cents lower than last year.”

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Prices at the Pump Projected to Keep Decreasing

The national average price at the pump is lower at the start of August than it was at the beginning of July. GasBuddy Senior Petroleum Analyst Patrick DeHaan accounts the decreased prices to an overall dip in crude-oil costs. He says the cost of crude-oil has gone down due to the abundance of crude-oil being supplied. Indiana is averaging at $2.47 a gallon, offering lowering prices than our neighboring states of Illinois, Michigan and Wisconsin. Continue reading

Varying Gas Prices Across Indiana

 

As the month of June comes to a close, motorists should be aware that we are approaching one of the highest gas price months out of the year. Senior Petroleum Analyst with GasBuddy.com Patrick DeHaan said to expect July prices to be higher than the yearly average due to several factors including higher demand during summer months and various blends of summer gasoline that cost more to produce. Continue reading