NEWS

Illinois Weekly Gas Price Update and Outlook

Staff Writer
Aledo Times Record

Average retail gasoline prices in Illinois have fallen 7.2 cents per gallon in the past week, averaging $3.77/g yesterday. This compares with the national average that has fallen 4.5 cents per gallon in the last week to $3.61/g, according to gasoline price website IllinoisGasPrices.com.

Including the change in gas prices in Illinois during the past week, prices yesterday were 38.4 cents per gallon lower than the same day one year ago and are 27.3 cents per gallon lower than a month ago. The national average has decreased 18.2 cents per gallon during the last month and stands 16.2 cents per gallon lower than this day one year ago.

"An impressive decline in average gasoline prices will now be extended as the West Coast begins to see lower prices in the days ahead," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "With significant downward pressure on oil prices last week, motorists will continue to see prices sliding east of the Rockies, and even the West Coast will start to get in on the action, thanks to a supply situation that appears to be turning around. Also pushing down oil prices last week was a frightening jobs report, as well as continued concerns about European debt problems," 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.