Gas Prices Dropping as Crude Oil Prices Decrease

Indiana and Ohio are among 10 states that have seen the biggest decrease in prices over the last week.

Shutterstock photo.

(Undated) – Decreasing oil prices are pushing gas prices down a smidge. 

Since Monday, the national average for a gallon of regular gasoline has decreased by eight cents to $4.72, according to AAA.

Crude oil prices have been on a steady incline since the end of November when the price per barrel was at $65.71. 

Prices are starting to improve, however. Today, oil is trading at $104.77, which is down from $121.40 a month ago.

According to AAA, crude prices continue to face strong headwinds and broad market concerns regarding the potential for economic growth to slow or stall due to rising interest rates and inflation.

A lower economic growth rate than expected could cause crude demand and pump prices to decline.

Since last week, Ohio and Indiana are among the 10 states that have seen the largest decreases in their average gasoline price – with both states seeing their average gas price fall 13 cents.

Currently, the average price for regular gas in Indiana is $4.78. Ohio is slightly cheaper at $4.61 with Kentucky being the best place to purchase gas in the tri-state with an average price of $4.42 per gallon.

For more information, visit AAA Gas Prices.

 

Current Avg. Regular Gas

Week Ago

Month Ago

Year Ago

Indiana

$4.78

$4.92

$5.23

$3.19

Ohio

$4.64

$4.78

$5.06

$3.03

Kentucky

$4.42

$4.55

$4.78

$2.94

*Data via AAA

More from Local News

Events

King & Queen Crowned at Versailles Pumpkin Show

Lawrenceburg and Rising Sun are represented

Dearborn County Council President Receives Prestigious Award

The award was presented at the annual AIC Conference this week.

Autumn Antiquing: Final Market of 2026

The 2026 Tri-State Antique Market season is coming to an end

Milan's Derico Breaks Career Goal Record

Milan won big on Wednesday night.

OA Soccer Stars Set Single Game Records on Senior Night

It was a victorious Senior Night for OA's seven seniors.

Conner Girls Golf Finishes Runner-up at Region 7 Tournament, Qualify for State Tournament

The Region 5-8 Sectional Tournament is scheduled for next week at Kenton Co. Golf Course

On Air

Charley Pride Mountain of Love 1:18
Josh Turner Why Don't We Just Dance 1:14
Kane Brown Backseat Driver 1:10
Lee Brice Rumor 1:06