Some good news for drivers this morning. Gas prices have dipped in several locations to below $3 a gallon. This is the lowest price in nearly a year.
The WTHR Pump Patrol found $2.99 at several stations around Indianapolis, especially on the east side at 21st and Post and on east Washington Street a few of miles east of downtown.
On the high end, we found prices around $3.15 on the north side. But also on the north side, we found $3.05.
Why the drop? Analysts say the price traditionally drops during the 4th quarter due to less demand compared to a large supply.
Also, gas futures dropped 5 percent two weeks ago and that has affected the current price.
According to gasbuddy.com, prices around Indianapolis are falling compared to the rest of the country this week.
National Average: $3.21
Indianapolis Average: $3.15
Indianapolis 12 Months Ago: $3.45