Gas prices are dropping

Gas prices are falling again in Indiana and the better news is they could sink to below $2.00 a gallon come late Fall.

Gas Buddy Senior Petroleum Analyst Patrick DeHaan says the economic slowdown in China and potential for Iran to re-enter the world economic stage due to the Iran Nuclear Deal are contributing to the drop in crude oil prices. Crude oil is now down to about $47 a barrel. DeHaan says that’s about ten bucks lower than June.

DeHann says the average price for regular unleaded gasoline in Indiana is about $2.27 a gallon which is 40 cents below the national average. In our area prices range from $2.40 to $2.60.  DeHaan says gas prices in Indiana have plunged 50 cents a gallon in the past month.

DeHaan says prices may snap back up, given the steep drop……


DeHaan says come Thanksgiving, don’t be surprised to see gas prices possibly under $2.00 per gallon in some parts of the state – barring any unusual geo-political occurrence.