Gas prices drop in Illinois, throughout country, over last week

Posted on June 27, 2022
The national average has fallen nearly 9 cents per gallon over the week, sitting at $4.88.(Flickr)

By Jake Fogal

BLOOMINGTON – Gas prices are down about 13 cents in the last week across the state, averaging $5.44 a gallon.

“With Independence Day a week away, gas prices have continued to fall for the second straight week as the price of oil has faltered, ushering in the drop we’re seeing. The good news is we could also see a third straight week of decline,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

According to GasBuddy, prices in Illinois are 44 cents more expensive than last month, and about $2.22 cents higher than a year ago.

The cheapest gas in the state is $4.61 while the most expensive station is $6.99.

The national average has fallen nearly 9 cents per gallon over the week, sitting at $4.88.

“While prices will be at their highest July 4th level ever, they’ll have fallen close to 20 cents since our peak in early June. Motorists should be wary that while the decline could continue for the week ahead, any sudden jolts to supply could quickly cause a turnaround, and risk remains that when the peak of hurricane season arrives, we could see a super spike at the pump.”

Jake Fogal can be reached at [email protected].

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