Illinois gas prices inch up over the past week

Posted on November 29, 2021
According to GasBuddy price reports, the cheapest station in the state is priced at $3.06 while the most expensive is $4.39. (WJBC file photo)

By Neil Doyle

BLOOMINGTON – Gas prices in the state are up two cents in the last week, averaging $3.52 a gallon.

According to GasBuddy, prices in Illinois are a penny higher than a month ago and stand $1.38 higher than a year ago.

GasBuddy price reports show the cheapest station in the state is priced at $3.06 while the most expensive is $4.39.

The national average has fallen about three cents in the last week, averaging $3.37 a gallon.

“Gas price declines are slowly picking up momentum. With oil’s recent fall and the jury out on a new Covid variant, Omicron, we could be in store for lower prices based on many countries turning back to travel restrictions, limiting oil demand and potentially accelerating the drop in gas prices,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “There remains a very high level of uncertainty ahead of us as OPEC has also delayed its meetings to await more market movements and information on Omicron. But so far, Americans can expect the new variant to push gas prices even lower. Beyond the next few weeks, it remains nearly impossible to predict where oil and gas prices will head, though turbulence is guaranteed.”

Neil Doyle can be reached at [email protected]

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