'[Soon] we could be heading for the mid threes as long as there are no new refinery issues,' Patrick De Haan, GasBuddy analyst, said.
Ind. — A new analysis from GasBuddy found that gas prices are falling in Indiana, and could drop below $3 by next spring."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.De Haan says President Biden's Wednesday announcement regarding the release of 15 million barrels of oil from the U.S.
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 ⛽️📊 October 20, 2022 TOP STORIES: People living in storage units? Marion County Public Health Department is investigating | City issues vacate notice, effectively closing Red Carpet Inn and Fanta Suites | From blows to bullets: Video shows fight that wounded 2 judges in 2019 White Castle shooting | Woman, 4-year-old girl found shot in Avon home | Woman found shot, killed overnight on Indianapolis...
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