Average gasoline prices in Indiana have risen 11.0 cents per gallon in the last week, averaging $3.15/g today, according to GasBuddy’s survey of 3,271 stations in Indiana. Prices in Indiana are 5.4 cents per gallon higher than a month ago and stand 51.8 cents per gallon lower than a year ago. The national average price of diesel has increased 1.7 cents in the last week and stands at $3.693 per gallon.
According to GasBuddy price reports, the cheapest station in Indiana was priced at $2.61/g yesterday, while the most expensive was $3.67/g, a difference of $1.06/g.
The national average price of gasoline has fallen 1.7 cents per gallon in the last week, averaging $3.09/g today.
“The national average price of gasoline slipped slightly over the last week, falling alongside oil, which dropped more than $2 per barrel,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, a few states— including Florida, Nebraska, and Indiana— bucked the trend, posting double-digit increases per gallon. These areas are prone to a phenomenon known as price cycling, where prices can spike and plunge every couple of weeks even if wholesale costs remain mostly unchanged. While I don’t expect major movement in the national average as we approach August, states impacted by price cycling will likely continue to experience more volatile price swings, while others will see relative stability.”…