City gas dips to $2 per gallon
It may be symbolic and is likely short-lived, but enjoy it while it lasts.
$2 gas.
AAA and Oil Price Information Service today said the average cost for a gallon of unleaded regular gasoline dropped 3 cents overnight in Indianapolis to $2.005, continuing a seven-week plunge.
IndyStar.com Pump Patrol: Click here to find the lowest-price stations in the area.
Just two months ago, gas averaged over $4 a gallon. A month ago today, the average was $3.12.
In Central Indiana, Brownsburg filling stations continue to claim the lowest prices, and many are selling at sub-$2 levels.
Statewide the average was $2.13.
Nationally, oil prices showed signs of retreating today after a U.S. Election Day rally, as expectations a slowing global economy will cut crude demand re-emerged as the market's dominant driver.
Experts aren't sure how long prices like this will last.
The lowest average price recently was in January 2007, when, statewide, Hoosiers were paying an average of $2.04. It hasn't been under the $2 mark since May 2005, according to AAA records.
AAA Hoosier Motor Club spokesman Greg Seiter has said Hoosiers need to continue their present driving habits, since sticker shock at the pump helped reduce demand and drive prices down.
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