By Jake Fogal
BLOOMINGTON – Gas prices continue to drop across the state as the latest gas report shows prices at the pump are down 14 cents over the past week.
“As expected, and for the third straight week, average gasoline prices have fallen to their lowest level in over a month. The price of wholesale gasoline has plummeted, providing price relief as millions of Americans hit the road for the holiday weekend,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
According to GasBuddy, prices in Illinois are 14.1 cents per gallon lower than a month ago and stand $2.00 a gallon higher than a year ago.
The cheapest station in Illinois was priced at $4.38 a gallon, while the most expensive was $6.79 a gallon.
On the national stage, gas is has fallen 10.4 cents over the past week, averaging $4.78 a gallon.
Over the past month, gas is down 7.2 cents per gallon and stands $1.66 cents per gallon higher than a year ago.
“While we may see prices decline into this week, the drop could fade soon if oil prices reverse, especially with strong demand over the holiday. For the time being, Americans are spending nearly $100 million per day less on gasoline than when prices peaked a few weeks ago, and that’s well-needed relief at a time when gas prices remain near records.”
Jake Fogal can be reached at [email protected].
