Gas prices fall below $2 in Terre Haute

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TERRE HAUTE, Ind. (WTWO/WAWV) — Gas prices have fallen below $2 in parts of the Wabash Valley, but don’t expect it to last long.

According to Gas Buddy, the temporary price drop is part of a “price war.”

“It may last for hours or days but probably not much beyond that,” Patrick De Haan, head of petroleum analysis for GasBuddy told WTWO/WAWV Wednesday. “With coronavirus fears pushing oil down the door has been opened temporarily for what you’re seeing.”

Indiana gas prices fell 4.9 cents per gallon in the past week, averaging $2.38/g Monday, according to GasBuddy’s daily survey of 3,271 stations. Monday’s gas prices in Indiana were 4.5 cents per gallon lower than a month ago and 2.2 cents per gallon lower than a year ago.

Historical gasoline prices in Indiana and the national average going back ten years:

  • February 24, 2019: $2.40/g (U.S. Average: $2.39/g)
  • February 24, 2018: $2.38/g (U.S. Average: $2.51/g)
  • February 24, 2017: $2.18/g (U.S. Average: $2.28/g)
  • February 24, 2016: $1.63/g (U.S. Average: $1.71/g)
  • February 24, 2015: $2.33/g (U.S. Average: $2.31/g)
  • February 24, 2014: $3.57/g (U.S. Average: $3.42/g)
  • February 24, 2013: $3.75/g (U.S. Average: $3.78/g)
  • February 24, 2012: $3.66/g (U.S. Average: $3.65/g)
  • February 24, 2011: $3.32/g (U.S. Average: $3.24/g)
  • February 24, 2010: $2.68/g (U.S. Average: $2.67/g)

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