The price of gas is 30 cents higher now than this time last year, and is expected to keep increasing this week.
Gas currently costs an average of 65 cents more per gallon than at this time last year,
Sen. Michael Crider (R-Greenfield) – one of the road funding bill’s sponsors – says he’s heard positive feedback since the measure passed.
Hoosiers get a lot of their gasoline from Northwest Indiana’s Whiting Refinery and from facilities in Illinois, but a portion also comes from the Gulf Coast.
It’s going to be a very busy Thanksgiving travel period with 48.7 million people hitting the road this week.
As gas prices fall to the lowest price in years, travel over the holiday weekend is expected to be very high.
Analysts say supply is not meeting demand--which was driven by the lower prices we saw early this year and the arrival of the summer travel season.
Low fuel prices, a sold-out Indy 500 and warm temperatures could make Memorial Day weekend the busiest in years in Indiana.
AAA credits low gas prices for the overall reduction in the cost of driving.
Gasoline prices on March 29 in Indianapolis and Bloomington have ranged widely over the last five years.
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