Down Just a Bit: Oil Stays Under $70, Gas Stays Under $3
STATE WIDE--The price for a gallon of gas in Indiana went down by about three cents, from $2.94 last week, to $$2.91 this week, said Gasbuddy.com. The national average dropped less than one cent over the past week.
"The national average price of gasoline jumped to start last week before slowly tapering off during the latter half, but remains very close to their week ago levels. Oil prices have held under $70 per barrel, giving promise to gas prices that will continue to hold south of $3 per gallon and near where they have spent much of the summer so far," said Patrick DeHaan, head of petroleum analysis for GasBuddy.
#GasPrices nationally average $2.86/gallon, down a penny from yesterday, up a penny from a week ago, mostly due to price hikes in Midwest. National average looks poised to hold between $2.80-$2.89 for now, a range it has spent the entire summer in thus far.
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) August 6, 2018
"With several bullish and bearish factors weighing on oil prices, you may see gas prices stuck in some sort of late summer blues before motorists see more sizable relief coming after Labor Day. Refiners continue to hum along meeting high demand with few kinks, leading to gas prices that have remained between $2.80-$2.89 per gallon the entire summer thus far."
In Ft. Wayne, gas has dropped about nine cents in a week, to $2.88 for the average.
In Indianapolis, the average has dropped about six cents, to $2.92.
PHOTO: Chris Davis/Emmis