Illinois Weekly gas price update and Outlook

Staff Writer
Aledo Times Record

Average retail gasoline prices in Illinois have fallen 0.6 cents per gallon in the past week, averaging $4.00/g yesterday. This compares with the national average that has fallen 2.9 cents per gallon in the last week to $3.77/g, according to gasoline price website IllinoisGasPrices.com.

Including the change in gas prices in Illinois during the past week, prices yesterday were 28.6 cents per gallon lower than the same day one year ago and are 15.2 cents per gallon lower than a month ago. The national average has decreased 13.4 cents per gallon during the last month and stands 15.9 cents per gallon lower than this day one year ago.

"I'd probably sound like a broken record at this point if I were to tell folks that crude prices breached and fell under $100 late last week. I'm sure I'll be flooded with motorists asking why gasoline prices haven't fallen yet," chuckled GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Either way, it's great news for motorists- but some hot spots may burn motorists before they see any sizable relief. When I mention hot spots, I'm thinking of the West Coast- where supply has dropped considerably, causing tightness and perhaps higher prices. The rest of the country, however, should see short term relief continue ahead of Memorial Day, easing unfounded fears of the national average hitting $5/gal, or even $4/gal," DeHaan said.

About IllinoisGasPrices.com

GasBuddy operates IllinoisGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area.