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Indiana Public Radio, a listener-supported service of Ball State University

Indiana Sees Nationwide Gas Price Hike

By Adam Pinsker, IPB News | Published on in Business, Economy, Transportation
(Photo: NPR)

Indiana is among 10 states that experienced the largest increase in gas prices over the past week.

The national average for a gallon of gas went up 13 cents during that time, Hoosiers are paying 16 cents more per gallon than they did last week. However, the national and statewide average for a gallon of unleaded gas is the same at $2.63.

“They’re not going down anytime soon, at least drastically,” AA Auto Club Spokesperson Jeannette Casselano McGee said.

A winter storm that took out 40 percent of the nation’s refineries is partly to blame. The storm dumped record amounts of snow in Texas and Oklahoma.

McGee said even though people are driving less during the COVID-19 pandemic, production of crude oil is increasing.

“What’s driving crude oil prices is really the promise of a vaccination. We saw those crude oil prices start to increase at the end of November, post-election,” said McGee.

McGee added that although travel is likely to increase this summer as more people get vaccinated it won’t reach the levels seen during pre-COVID summer travel seasons.

In March of 2020, at the beginning of the pandemic, the average price for a gallon of gas in Indiana was $1.84 and $1.99 nationally.