By Blake Haas
BLOOMINGTON – Amid a potential war in the Middle East, prices at the up are up $0.4 cents per gallon over the past week.
According to GasBuddy’s survey of over 4,300 stations across Illinois, prices at the pump averaged almost $4 a gallon.
Prices are up $0.29 cents per gallon compared to a month ago and stand $0.10 cents per gallon lower than a year ago.
On the national stage, the price of diesel is down $0.01 over the past week and stands at just over $4 a gallon.
“With Iran’s attack on Israel over the weekend, the stakes couldn’t have been higher for a major potential impact on oil and gasoline prices. With the attacks largely thrawted and mostly unsuccessful, and with Iran signaling that their attack will be the end of their response, the risk to crude oil has diminished, and the situation is thankfully likely to de-escalate going forward,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
If Israel, which has promised to respond with further attacks, indeed does press on, it could certainly still push oil prices higher.”
The national gasoline average is up $0.14 cents per gallon from a month ago and $0.05 per gallon lower than a year ago.
Blake Haas can be reached at [email protected].
