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Gas prices inch below $3 a gallon at some Fort Wayne stations

Local drivers paying less than much of the nation
A Fort Wayne gas station was selling regular unleaded for $2.99 per gallon on Saturday, Dec. 4,...
A Fort Wayne gas station was selling regular unleaded for $2.99 per gallon on Saturday, Dec. 4, 2021.(WPTA)
Published: Dec. 4, 2021 at 4:56 PM EST
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FORT WAYNE, Ind. (WPTA) - The price of a gallon of regular unleaded gasoline has dropped below $3 in much of 21Country, following a national trend downward, but with a more significant decrease here than many other places.

On Saturday, the price-tracking website GasBuddy showed numerous local options below the $3 mark, with some general-access stations as low as $2.93 per gallon. Prices were even lower at membership clubs in the area.

The average cost per gallon in Fort Wayne, according to GasBuddy, was $3.08. That contrasts with the national average of $3.35 per gallon. One month earlier, Fort Wayne was tracking at about the same price point as the national average, so the decrease in northeast Indiana has been more pronounced in recent weeks.

The dip comes as an international alliance of oil producers decided not to significantly boost the supply. OPEC and allied oil-producing countries decided Thursday to stick to their existing plans.

Officials from OPEC countries, led by Saudi Arabia, and their allies, led by Russia, voted to deliver steady, modest monthly increases in oil releases — a pace that frustrated the United States and other oil-consuming nations as gasoline prices have risen.

The OPEC+ alliance approved an increase in production of 400,000 barrels per day for the month of January.

In the US, gas prices reached a historic high in the summer of 2008 before experiencing a sharp plunge. Prices today are at a point last seen nationally in 2014.

A government tracking chart shows the ebb and flow of gasoline prices in recent years.
A government tracking chart shows the ebb and flow of gasoline prices in recent years.(US Energy Information Admin.)

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