Prices at the pump remain steady throughout country ahead of July 4

Posted on June 26, 2023
The national average is unchanged in the last week, averaging $3.54 a gallon. (WJBC File Photo)

By Jake Fogal

BLOOMINGTON – Average gasoline prices in Illinois have fallen nearly 5 cents in the last week, averaging $3.96 a gallon

According to GasBuddy’s survey of over 43-hundred stations in Illinois, prices in the state are a few cents higher than a month ago.

GasBuddy price reports show the cheapest station in Illinois is priced at $3.20 while the most expensive was $5.19.

The national average is unchanged in the last week, averaging $3.54 a gallon.

“It’s been another generally sideways week for the national average, which has remained stuck in the $3.50-$3.60 per gallon range since late April with fundamentals generally holding pretty stable, even though oil prices have bounced around between $65-$80 in the same timeframe,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

“While some states saw big increases from last week, I expect those states to see a calmer week ahead. Other states saw prices fall, and some like Arizona fell significantly as some of the kinks in supply have improved there over the last few weeks. Ultimately, we could see the national average nudge a bit lower in the week ahead, should oil prices fail to rally. But, with developments including the Wagner group destabilizing and testing Russia, there can always be last minute shifts that impact prices, which we continue to watch for and hope the market remains calm.”

Jake Fogal can be reached at [email protected].

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