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
-
Indy DPW's plan of action to tackle snowy residential roads
As main thoroughfares and roads are looking better Monday night, residential streets have a long way to go before the snow is cleared.
Veal’s Ice Tree takes root thanks to cold snap, continued family dedication
An annual winter tradition in central Indiana is taking shape as the 2025 edition of the Veal family’s ice tree began its upward journey last week.
FBI investigating international travel of New Orleans attacker
We're learning new details about where a terrorist traveled before the New Year's Day attack in New Orleans that killed 14 people and injured dozens.
IndyGo buses keep on rolling despite several inches of snow
IndyGo decided to keep its regular schedule so that both those who did not want to drive and those who could not drive could access as much of the city as possible.
