CURRENT EVENTS

What is the current gas price situation in Indiana?

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Indiana gas prices average $4.42 per gallon as of April 30, with some stations charging $4.99, driven by global oil supply disruptions.

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Statewide average$4.42 per gallon for regular unleaded gas
Highest prices in state$4.77 per gallon in LaPorte and Warren counties
Spot pricesSome stations in Mishawaka and South Bend at $4.99 per gallon
Price increase since MarchUp from $2.80 on March 2 to $4.42 on April 30
Diesel prices$5.50 per gallon, up from $3.59 a year ago
Tax relief expiringGovernor Braun's 30-day gas tax suspension expires May 8

Current price situation

Indiana gas prices are approaching $5 per gallon at some locations. The statewide average stands at $4.42 per gallon for regular unleaded fuel as of April 30. Some area fuel stations in Mishawaka and South Bend are charging $4.99 per gallon. Indianapolis averages $4.49, while Bloomington is highest among major cities at $4.53. These represent the highest prices in four years since late July 2022.

Rapid price escalation

Gas prices have surged dramatically in under two months. On March 2, Indiana's average was just $2.80 per gallon. Prices crossed the $4 threshold on March 24. By April 30, prices had jumped to $4.42 statewide. The national average rose by $0.27 in a single week leading up to April 30.

Geographic variation

Prices vary significantly across Indiana counties. LaPorte and Warren counties have the highest averages at $4.77 per gallon. Vanderburgh County offers the cheapest fuel at $3.998 per gallon. Major cities show price ranges from $4.00 in Evansville to $4.53 in Bloomington. The price difference between highest and lowest counties exceeds 75 cents per gallon.

Diesel and crude oil impact

Diesel fuel in Indiana averages $5.50 per gallon, significantly higher than a year ago at $3.59. Brent crude oil is trading around $120 per barrel. These elevated crude prices stem from supply disruptions at the Strait of Hormuz, through which 20 percent of the world's oil flows. President Trump has signaled a potential Iran blockade lasting months.

Relief efforts and outlook

Governor Mike Braun implemented a temporary 30-day suspension of Indiana's gas usage tax earlier in April, but this relief expires May 8. No immediate relief is expected at the pump. Indiana Attorney General Todd Rokita launched IN Fuel Watch, a website tracking real-time prices across 4,600 gas stations statewide to help consumers compare costs.

Sources

  1. Indiana gas prices close in on $5 a gallon. See the latest fuel prices (indystar.com)
  2. Gas prices reach $4.99 per gallon at some area fuel stations (wsbt.com)