INDIANAPOLIS (WANE)- At $1.99, Indiana’s statewide gas price average is currently fourth lowest in the nation, according to AAA Hoosier Motor Club.
Only Missouri at $1.89, Oklahoma at $1.95 and Ohio at $1.98 have an average lower than Indiana.
The average price of gas has dropped below $2.00 per gallon in four states for the first time since 2009. AAA also said seven additional states have average prices within a dime of that mark.
“Crude oil prices have been steadily dropping, North American stockpiles and overall petroleum production are high and the overall demand for petroleum is down,” said Greg Seiter, public affairs manager for AAA Hoosier Motor Club. “The absence of extremely cold temperatures, which increases the demand for heating oil, is also working in our favor.”
According to AAA, average gas prices have fallen every day since September 25 for a total of $1.09 per gallon. As a result, based on monthly prices and perceived usage, AAA estimates that Americans have saved approximately $14 billion on gasoline this year compared to 2013.