Indy Area Gas Prices Jump Dramatically
Sharp Increase Hits Most Area Stations
Posted: 07/17/2012
Last Updated:
309 days ago
Gas prices that had dropped to around $3 a gallon in some places over the weekend jumped to $3.55 a gallon at most stations in the Indianapolis area late Monday and early Tuesday.The reason for the sharp increase wasn't immediately known, though oil prices increased a bit on Monday.
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Central Indiana Gas Prices
Oil was priced at nearly $89 a barrel on Tuesday as world markets hoped that China and the U.S. would take new steps to bolster their economies.The U.S. and China are the world's largest oil consumers, and marketers think demand will increase if economic conditions improve.There were some bargains still to be had outside Indianapolis, though. Prices as low as $3.08 a gallon were reported in the Pendleton area, with prices around $3.15 a gallon in Mooresville and Greenfield.The current national average for a gallon of regular unleaded gas is $3.41, AAA said, with Indiana at $3.39 a gallon.Prices are still quite a bit lower than they were a month ago and a year ago. Indiana's average gas price was $3.69 a gallon a month ago and $3.72 a gallon a year ago.
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