So, a couple weeks ago I blogged about the gas prices going up right before Memorial Day and the Indy 500 race weekend when thousands more cars are in the city. I also said I’d report on what happened afterwards. So here’s the scoop.

The prices went up twice by about 30 cents each time the week before the race. Since then, it’s gone down. Not dramatically, so it wouldn’t be obvious (in my opinion), but it’s been a little over a week since the race and the prices are averaging $3.15 a gallon, which is 44 cents lower than it was on the weekend of the Big Race. It dropped by about 20 cents in small increments over the five days after the race and it’s continued to drop a few cents a day since then.

I can’t say for sure what’s going behind the scenes with the costs of oil and all that, but I DO know that the week BEFORE the Indy 500 gas prices jumped a total of about 60 cents and the week and a half AFTER the race the prices have fallen by three quarters of that.

Conspiracy? Gouging? Sheer coincidence? We may never know.

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