Local News

Great Lakes States Could See Gas Drop Under $3 a Gallon

INDIANA, (WOWO): Great Lakes states, like Indiana and Ohio, will likely see more stations dropping their prices under $3.00 a gallon. According to GasBuddy senior petroleum analyst Patrick DeHaan, decreasing crude oil prices, falling demand, and a huge drop in corn prices could all lead to the lower gas prices. 

With oil prices sliding, I know a lot of motorists are giddy at the prospect of the first local gas station dropping under $3.00 a gallon. It seems like it has been a long time, and indeed, it has been close to a year since prices dropped this low,” said DeHaan.

Some cities in Indiana have already seen prices at some stations drop under $3.00 a gallon.

While it’s not unusual for prices to drop under $3.00 a gallon in the autumn, this year it appears prices are likely to drop to that level several weeks before it happened last year, which simply means motorists will be spending less, freeing up more of their hard earned money,” said DeHann.

Michigan, Illinois, and Minnesota are on the cusp of seeing such prices, and while some motorists could see such prices by the conclusion of the upcoming weekend, other drivers may have to wait a few weeks longer for the decreases to drip down.

According to a report released by GasBuddy.com, specific major cities in the Great Lakes that could see some prices under $3.00 a gallon in the coming week:

Indiana: Indianapolis, South Bend

Ohio: Akron, Cleveland, Columbus, Dayton

Michigan: Detroit, Flint, Grand Rapids, Kalamazoo

Minnesota: Minneapolis

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