Indiana Leads U.S. In Gas Price Spikes Ahead of Anticipated Eclipse
Hoosier drivers can expect to pay a high price at the pump. Indiana consumers have seen some of the highest increases in fuel costs. According to a AAA survey, Indiana and Arizona led the top ten states in increases between March 28 and April 4. The average gas price for U.S. drivers has jumped roughly 6.5% in the last month, from $3.39 to $3.61 per gallon.
According to AAA, the states With the Largest Increase in Gas Prices are:
- Indiana (up 19 cents).
- Arizona (up 19 cents).
- California (up 17 cents).
- Ohio (up fifteen cents)
- New Mexico (+15 cents)
- Utah (up eleven cents)
- Alaska (up ten cents).
- Kentucky (up ten cents).
- Nevada, (up ten cents).
- Idaho (up nine cents)
What is Causing Gasoline Prices to Rise?
The national average is $3.56, up 21 cents from a month ago and six cents from a year ago.
In December 2023, the average gasoline price was $3.15.
Gas prices normally rise from February to March. Between 2021 and 2024, petrol prices increased by up to 71 cents. The AAA reported that prices are rising due to a combination of ominous abroad news, increased local gasoline demand, and an increase in oil prices to the mid-$80s per barrel.
“Renewed Ukrainian attacks on Russia’s oil infrastructure and rising Middle Eastern tensions have recently pushed up oil prices,” AAA spokesperson Andrew Gross stated in the report. “And with the cost of oil accounting for roughly 60% of what we pay at the pump, there will likely be some upward pressure on prices.”
The U.S. Energy Information Administration reported that gas consumption increased while total domestic gasoline supplies declined.
Higher demand and rising oil costs are projected to push pump prices even higher.