Statistics About The Average Gas Price Indiana

In this post, we will explore the dynamics of average gas prices in Indiana, backed by a series of informative statistics ranging from historic highs and lows to tax rates, external factors, and future projections. As we delve into these figures, we aim to provide a comprehensive overview of the factors influencing the cost of fuel in the state and how they impact residents and the economy at large. Stay tuned for an insightful analysis of Indiana’s gas price landscape.

Statistic 1

"The highest recorded average gas price in Indiana was $4.25 per gallon in June 2022."

Statistic 2

"The Price at Pump app provides real-time updates on average gas prices in Indiana."

Statistic 3

"Indiana's state tax on gasoline is 33 cents per gallon."

Statistic 4

"Indiana's average gas price trend showed a 12-month high in every June over the past five years."

Statistic 5

"The average price for mid-grade gasoline in Indiana in 2022 was $3.40 per gallon."

Statistic 6

"The federal tax rate on gasoline is 18.4 cents per gallon."

Statistic 7

"Indiana saw a 3-cent increase in average gas prices following Hurricane Ida in 2021."

Statistic 8

"In 2022, Indiana's average annual gas price increased by 35% compared to 2021."

Statistic 9

"Indiana ranked 25th in the nation for average gas prices in 2022."

Statistic 10

"The lowest recorded average gas price in Indiana in the past decade was $1.82 per gallon in January 2016."

Statistic 11

"In 2021, the average diesel price in Indiana was 50 cents higher per gallon compared to regular gasoline."

Statistic 12

"Crude oil price contributed to 50% of the changes in average gas prices in Indiana in 2022."

Statistic 13

"Seasonal demand causes gas prices in Indiana to rise by an average of 15 cents per gallon in summer."

Statistic 14

"The average price difference between regular and premium gasoline in Indiana is 40 cents per gallon."

Statistic 15

"EV adoption in Indiana is projected to reduce average gas prices by 5% by 2030."

Statistic 16

"The average gas price in urban areas of Indiana is typically 10 cents higher than in rural areas."

Statistic 17

"The introduction of E15 fuel in Indiana has priced 5 cents lower on average than regular gasoline."

Statistic 18

"Indiana’s gas price volatility index is higher than the national average, indicating frequent price changes."

Statistic 19

"The average gas price in Indiana as of January 2023 was $3.00 per gallon."

Statistic 20

"Indiana’s refinery outages in 2021 contributed to a temporary spike in gas prices by 20%."

In summary, the statistics on average gas prices in Indiana paint a dynamic and multifaceted picture of the state’s fuel market. Factors such as state and federal taxes, seasonal demand fluctuations, crude oil prices, and specific events like Hurricane Ida and refinery outages all play crucial roles in determining gas prices. Indiana residents can benefit from tools like the Price at Pump app for real-time updates and insights. Looking ahead, the projected impact of EV adoption and the introduction of E15 fuel suggest potential shifts in the state’s gas price landscape. Indiana’s position as the 25th highest in average gas prices in the nation as of 2022 reflects the ongoing economic factors at play.