TERRE HAUTE, Ind. (WTHI) Average retail gasoline prices in Indiana have fallen 14 cents per gallon in the past week, averaging $3.38 a gallon on Sunday, July 27, 2014 according to GasBuddy’s daily survey. This compares with the national average that has fallen 4.9 cents per gallon in the last week to $3.51 a gallon according to gasoline price website GasBuddy.com which powers wthitv.com’s Pump Watch.
Including the change in gas prices in Fort Wayne during the past week, prices Sunday were 7.3 cents per gallon lower than the same day one year ago and are 21.8 cents per gallon lower than a month ago. The national average has decreased 16.5 cents per gallon during the last month and stands 11.7 cents per gallon lower than this day one year ago.
“The national average as of today has been on decline for a month straight,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “The drop in gas prices during the middle of the summer certainly has been welcome relief to families and individuals alike who are hitting the road during the peak of the summer driving season. The national average now stands at its lowest point since March of this year, and will likely drop under $3.50 a gallon by mid-week. No states in the lower 48 feature average prices over $4 a gallon and just 4.1% of all stations GasBuddy tracks stand over that level, which is a drop from 8.7% a month ago. In addition, a month ago, nearly 75% of gas stations were charging over $3.50 a gallon while today we see just 38.2% of all stations over that level- an impressive decline in price that GasBuddy alerted motorists to weeks ago,” DeHaan said.