By Jake Fogal
BLOOMINGTON – Average gasoline prices in Illinois have fallen 10.2 cents per gallon in the last week, averaging $4.14 a gallon.
According to GasBuddy, prices in Illinois are 51.5 cents lower than a month ago and 87.5 cents higher than a year ago.
The national average has dropped 5 cents per gallon in the past week, averaging just $3.81 cents a gallon.
The price of diesel has fallen 7.3 cents nationally in the past week and stands at $5.04 per gallon.
“The national average has declined for another week, extending the slide for the eleventh straight week. Gas prices are now $1.20 per gallon lower than mid-June with Americans spending $450 million less on gasoline every day as a result,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“Some issues have developed that we’re keeping a close eye on, including the shut down of the largest refinery in the Midwest. While that refinery may get back online sooner rather than later, it’s not impossible that down the road the situation could impact prices in the region. For the rest of the country, however, we’ll continue to see prices moderate. This is of course subject to hurricane season, and it does appear that the tropics are starting to see some activity, so there’s no guarantee the decline will continue.”
Jake Fogal can be reached at [email protected].
