By Neil Doyle
BLOOMINGTON – According to GasBuddy’s daily survey of over 4,300 gas stations in Illinois, gas prices are up about 4.7 cents over the week, averaging $3.46 a gallon.
Gas prices in the state are 10 cents higher than a month ago and 98 cents higher than a year ago.
According to GasBuddy price reports, the cheapest station in Illinois is priced at $2.79 while the most expensive was $4.39.
The national average is up about two cents in the last week, averaging $3.32 a gallon.
“With oil prices remaining elevated, average gas prices inched up in most states over the last week even as gasoline demand weakened, a testament to how concerned oil markets are with unrest in oil producing nations. With all eyes on the Russia/Ukraine situation, oil will likely remain north of $80 per barrel, with additional volatility. Prices could rise even more significantly if there is any further deterioration in the situation,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, I don’t expect any immediate fireworks at the pump, but the trend of rising gas prices will likely persist as worries continue to overpower weak global consumption.”
Neil Doyle can be reached at [email protected]
