Ind. — A new analysis from GasBuddy found that gas prices are falling in Indiana, and could drop below $3 by next spring.
Patrick De Haan, GasBuddy Analyst, tells WRTV that after restoration and maintenance at two nearby refineries in Whiting, Indiana and Oregon, Ohio, Indianapolis gas prices have dropped. Both refineries were damaged by fires.
"The average in Indianapolis [is] now $4.02 a gallon; that's down about 15 cents a gallon in the last week. We could be heading for the mid threes as long as there are no new refinery issues," De Haan said.
RELATED: Gas prices surging in parts of the U.S., but not others
De Haan says President Biden's Wednesday announcement regarding the release of 15 million barrels of oil from the U.S. Strategic Petroleum Reserve was oil already slated for release.
He expects prices to continue to moderate into Thanksgiving and by the end of the year, gas could be in the low to mid $3 range.
"Again, as long as we can avoid some of those unexpected refinery disruptions, it's not impossible that maybe there could be a couple of stations in Indiana that could fall under $3 a gallon by springtime again," De Haan said. "That might be like the needle in the haystack, but we should see lower prices continuing over the coming weeks."
Good news on #gasprices: here's my new prediction on #gasprices over the next couple of weeks... lots of green down arrows. West Coast and Great Lakes will continue to see the most relief, while others see slight downward trends- for now. pic.twitter.com/1dsqsvjLRU
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) October 20, 2022
-
Snow Buddies program helps elderly, disabled neighbors shovel sidewalks
Neighbors are helping neighbors through Friday's winter storm. That’s thanks to a new City of Bloomington program aimed at helping those in need.
Notre Dame's Marcus Freeman inspiring local Hoosiers by making history
Freeman is the first Black and Asian American college football coach to lead his team to the finals. This major milestone is inspiring local Hoosiers in Central Indiana.
Officials want the state to create an Office of Entrepreneurship and Innovation
The Indiana Chamber of Commerce has released its 2025 legislative priorities. While the list is long, one of its priorities is to create an Office of Entrepreneurship and Innovation.
Why seniors are more susceptible to injuries from falling on ice and snow
At times, it's unavoidable to walk on snow or ice in the winter. While anyone could fall, seniors are especially susceptible to falling and sustaining injuries from these falls.
