spot_imgspot_img

Indiana gas prices defy national trend

(The Center Square) – Data from AAA shows that while gas prices are rising nationally, Indiana is actually bucking the trend.

Hoosier motorists paid an average of $3.666 for a gallon of regular unleaded Friday. That was down 5.5 cents from the previous week, according to the group that advocates for more than 60 million drivers in the U.S. and Canada.

Nationally, though, the average of $3.866 is up nearly 6 cents from last week.

According to a AAA spokesperson, gas stations are facing a couple of divergent factors.

On Thursday, the price for a barrel of U.S. crude oil hit $90. That was the first time since last November the cost was that high. However, data from the federal Energy Information Administration showed demand dropped by nearly a million barrels a day to 8.3 million last week. That allowed the nation’s stockpile of crude oil to surpass 220 million barrels, an increase of more than 5.5 million barrels.

“Oil costs are putting upward pressure on pump prices, but the rise is tempered by much lower demand,” Andrew Gross said. “The slide in people fueling up is typical, with schools back in session, the days getting shorter, and the weather less pleasant. But the usual decline in pump prices is being stymied for now by these high oil costs.”

In Indiana, AAA data shows motorists are paying between $3.445 and $3.922. The lowest price is in Wells County, just south of Fort Wayne in northeast Indiana. Porter County in northwest Indiana has the highest cost.

Drivers in Indianapolis were paying near the statewide average. The $3.669 per gallon price was more than 6 cents lower from last week.

Regionally, gas prices in Kentucky averaged $3.519 Friday and $3.632 in Ohio. The cost of a gallon was more expensive in Michigan ($3.718) and Illinois ($3.975).

Nationally, California remained the nation’s most expensive market, with drivers paying $5.526 for regular unleaded. Driver in Mississippi had the most affordable average price at $3.309.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_imgspot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Wisconsin directs $138M for roadwork, $1.5M to DeForest Kwik Trip expansions

(The Center Square) – Wisconsin municipalities received $138 million...

Seattle City Attorney sued by ACLU of WA over mandate that restricts judge’s job

(The Center Square) – The American Civil Liberties Union...

Supreme Court says Virginia can remove ‘noncitizens’ from voter rolls

(The Center Square) – The U.S. Supreme Court has...

Maine offshore wind auction draws a few takers

(The Center Square) — Two companies have won development...

Medicare rates, prescription drug costs surge under Inflation Reduction Act

(The Center Square) – Medicare premiums and senior citizens'...

Survey: Small business owners optimistic heading into holiday shopping season

(The Center Square) – Although a new survey reveals...

Delaware-based group spends thousands on candidates across Illinois

(The Center Square) – Several Illinois races are being...

Voters have high number of transit measures in 2024

Voters will decide on $59.2 billion in dedicated, multi-year...

More like this
Related

Wisconsin directs $138M for roadwork, $1.5M to DeForest Kwik Trip expansions

(The Center Square) – Wisconsin municipalities received $138 million...

Seattle City Attorney sued by ACLU of WA over mandate that restricts judge’s job

(The Center Square) – The American Civil Liberties Union...

Supreme Court says Virginia can remove ‘noncitizens’ from voter rolls

(The Center Square) – The U.S. Supreme Court has...

Maine offshore wind auction draws a few takers

(The Center Square) — Two companies have won development...