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
-
Indianapolis animal control officers rescue injured Bald Eagle
The bird was safely transported to the shelter, where a licensed wildlife rehabilitator took over its care.
Former IPS teacher accused of encouraging students to have ‘fight club’
IMPD is investigating allegations that a now former IPS teacher encouraged students to attack a 7-year-old child earlier this school year.
AES raises rates despite many customers missing bills
All AES Indiana customers can expect an increase on their bill in the next month, except those that aren’t receiving them.
Gadget on display at FDIC could prevent smash-and-grab burglaries
Density USA exhibited a fog machine at FDIC to both prepare firefighters for smoke-filled rooms and disorient burglars who attempt "smash-and-grab" robberies.
