Indiana weekly gas price update

According to GasBuddy, the cheapest station in Indiana was $2.72/g yesterday while the most expensive was $8.71/g, a difference of $5.99/g. The lowest price in the state yesterday was $2.72/g while the highest was $8.71/g, a difference of $5.99/g.

The national average price of gasoline has fallen 7.5 cents per gallon in the last week, averaging $3.50/g today. The national average is down 7.5 cents per gallon from a month ago and stands 80.7 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gas prices in Indiana and the national average going back 10 years

May 8, 2022: $4.22/g (U.S. Average: $4.31/g)

May 8, 2021: $2.97/g (U.S. Average: $2.96/g)

May 8, 2020: $1.83/g (U.S. Average: $1.83/g)

May 8, 2019: $2.84/g (U.S. Average: $2.88/g)

May 8, 2018: $2.86/g (U.S. Average: $2.82/g)

May 8, 2017: $2.14/g (U.S. Average: $2.33/g)

May 8, 2016: $2.16/g (U.S. Average: $2.21/g)

May 8, 2015: $2.64/g (U.S. Average: $2.66/g)

May 8, 2014: $3.71/g (U.S. Average: $3.67/g)

May 8, 2013: $3.73/g (U.S. Average: $3.54/g)

Neighboring areas and their current gas prices

Champaign: $3.77/g, down 3.4 cents per gallon from last week’s $3.80/g.

Indianapolis: $3.37/g, down 11.8 cents per gallon from last week’s $3.48/g.

Cincinnati: $3.26/g, down 13.6 cents per gallon from last week’s $3.39/g.

“For the third straight week, consumers have been greeted by falling gasoline prices across a majority of the country, thanks to oil prices holding near recent lows and the transition to summer gasoline being essentially complete. While there have been a few pockets of rising prices, those have been the needle in the haystack, with nearly every single state seeing gas prices fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition to gasoline prices declining, the average price of a gallon of diesel will join gasoline in the days ahead, falling below $4 per gallon in the next 48 hours or so, a sign of how far we’ve come.”

“Americans are spending hundreds of millions less on fuel every week compared to a year ago, and that’s a number that could rise further as prices are poised to continue trending lower this week.”