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
-
2 Indiana University students killed in Miami Beach hit-and-run, driver arrested
Two people connected to Indiana University are dead after a driver allegedly struck them down in Miami Beach Thursday night.
Senior residents at northeast side apartment question increased rent, added fees
In a notice provided to Williams, it states that the company does not have to give a resident a lease to increase their rent and that the resident will be notified.
Senior residents at northeast side apartment question increased rent, added fees
FIDO Indy encourages you to spay, neuter your dogs
The weather is getting warmer, and that means puppy season is upon us. FIDO Indy is working to make sure all dogs in Marion County are spayed and neutered.
