7:46 PM EDT, July 2, 2012
Many Hoosiers are enjoying some of the lowest gas prices in months, but now industry experts say the holiday from high prices is about to end.
For the past month, gas prices have fallen 40 cents on average in Central Indiana and some drivers are even seeing gas below $3 a gallon. This celebration could be short lived, though. Gas price experts say Hoosiers could see a 40 to 50 cent increase in prices before the Fourth of July.
Crude oil went up $7 dollars a barrel on Friday and that increase is now being passed onto drivers.
Even though prices were down around $3 on Monday, experts still predict prices to increase.
Demont Sims of Indianapolis said the roller coaster ride at the pump is frustrating.
"It hurts, but you know gas is something you gotta have what are you gonna do say, 'I'm just not gonna buy gas?,"
One year ago on July 2, gas in Central Indiana was averaging $3.62 a gallon. Gas prices have not averaged around the $3.15 mark since December 2011.
Indiana prices may be on the rise, but the average is still 10 cents lower than prices nationwide.