By Blake Haas
BLOOMINGTON – With the price of oil on the rise, the average gasoline prices in Illinois have risen 10.9 cents per gallon over the past week.
According to a report from GasBuddy, prices in Illinois are 17.3 cents per gallon higher than a month ago and stand $1.01 per gallon higher than a year ago.
The cheapest station in the state is priced at $3.17 per gallon, while the most expensive is $4.49 per gallon.
“Gas prices saw their sharpest rise in months last week as oil surged to $93 per barrel, on continued concerns over Russia invading Ukraine and that there won’t be enough supply to meet demand come this summer,” Patrick De Haan, head of petroleum analysis at Gas Buddy said. “With the national average at its highest level since 2014, the news is grim; motorist should expect more price increases, with the larger jumps coming later this spring as a confluence of seasonal factors and the potential flare-up in geopolitical tensions.”
On the national stage, gas has been up 8.0 cents per gallon over the past week, averaging $3.42 a gallon on Monday.
According to the recent report, the national average is up 12.3 cents per gallon from a month ago and stands 97.5 cents per gallon higher than a year ago.
Blake Haas can be reached at [email protected].
