Gas prices in Indiana hit new record high
INDIANAPOLIS (WISH) — Hoosiers who need to fill their gas tanks on Tuesday will feel quite a bit of pain at the pump.
On Tuesday morning, the average price for regular, unleaded gasoline in Indiana was a record-setting $4.35 per gallon, according to GasBuddy. That’s in line with the national average of around $4.36 per gallon.
GasBuddy says the price for a gallon of gas in Indianapolis is about the same as the statewide average.
The national average is up almost 20 cents from a month ago, according to GasBuddy. The price of diesel fuel is even higher, with an average nationwide price of $5.52 per gallon.
The primary cause of the price increase is the cost of crude oil, which was $101 per barrel last week and hit $107.19 per barrel on Monday.
GasBuddy says oil prices will remain volatile as markets deal with inflation, the recent news that the EU will sanction and cut back on Russian oil deliveries, and COVID-19 restrictions in China.
Anyone who want helps easing the sting of high gas prices can enter the WISH-TV Gr8 Gas Giveaway for a chance to win an $80 gas card. The contest is open now on the WISH-TV app. Winners will be announced every morning through May 20.