Gas prices soar after big drop last week

(WISH Photo/Jason Harris)

INDIANAPOLIS (WISH) — There was a big jump in gas prices Wednesday night into Thursday morning, after that big drop over the last week.

At 71st Street and Binford Boulevard, gas prices were $2.29 Thursday morning. It could be the same story for stations all over the area throughout the day.

According to gasbuddy.com, the average price in Indianapolis will go up as high as $2.30. That’s up 30 cents in just 24 hours.

Drivers have seen some spots at $1.99 and even at $1.80. This new increase comes after months-long reports that prices will stay around the $2 mark or below through the end of the year.

Oil prices jumped about 6-percent Wednesday but so far it’s unclear if that’s led to the quick jump.

Across the state, the average is $2.21. The national average is $2.30. Before this spike, analysts were saying the average here was $1.99 but again they’re predicting that to jump to $2.30.

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