Gas prices may not stay down after the holiday weekend

Indianapolis, Indiana – In the last week, Indiana’s gas prices decreased by eighteen cents a gallon.

The price war amongst Indianapolis gas stations, according to Patrick De Haan, Head of Petroleum Analysis for Gas Buddy, is the reason behind the variable cost of petrol.

“What goes down often goes up again every one to two weeks,” De Haan said. “Right now, we are enjoying the downside of that, but it is only a matter of time before those prices get another boost.”

Indianapolis has an average petrol price of $3.49 per gallon, which is two cents less than the national average. In Indianapolis, several gas stations were offering gasoline for $3.29 per gallon.
However, those costs aren’t low enough for Indianapolis resident Brandon Mabe.

“Initially, if they would have dropped the prices a little bit more, I was hoping to go to Ohio to see my mother, but that kind of didn’t happen,” Mabe said.

According to Triple-A, this Fourth of July weekend, 70.9 million people—a 5% increase from the previous year—will drive more than 50 miles from their homes.

“I don’t think gas prices are going to be a big determining factor for travel,” De Haan said. “I think Americans are probably more nauseated by inflation, hotels, the other portions of the road trip.”

Kentucky has lower gas costs than Indiana, with a typical gallon costing $3.37.