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
-
Historical preservation activist Gayle Cook passed away at age 91
Gayle Cook, co-founder of the Bloomington based Cook companies, died at the age of 91 on Sunday morning, according to the organization.
Uplifting Indianapolis: Rapper 4200kory pays tribute to his Far Eastside roots
Chauncey Graham, a 24-year-old rapper known by the stage name 4200Kory, is on a mission to inspire change and honor his hometown of Indianapolis through his music.
Officials respond to downtown demonstration
Officials are responding to a video of demonstrators who marched around Monument Circle carrying flags with swastikas that has gone viral.
IMPD: One dead, one injured in crash on southwest side of Indianapolis
One man has died and another is injured following a crash on the southwest side of Indianapolis on Sunday.
