Illinois Weekly Gas Price Update and Outlook
Illinois, June 18 Average retail gasoline prices in Illinois have fallen 6.5 cents per gallon in the past week, averaging $3.73/g yesterday. This compares with the national average that has fallen 3.2 cents per gallon in the last week to $3.53/g, according to gasoline price website IllinoisGasPrices.com.
Including the change in gas prices in Illinois during the past week, prices yesterday were 16.6 cents per gallon lower than the same day one year ago and are 15.5 cents per gallon lower than a month ago. The national average has decreased 17.6 cents per gallon during the last month and stands 12.6 cents per gallon lower than this day one year ago.
"I have a sneaking suspicion that the election in Greece may stir up oil prices this week, and we could see oil prices gain as markets feel more upbeat about the economic situation," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While any gains in oil prices won't likely be immediately felt, the debt situation in Europe bears keeping a close eye on as it has far reaching global implications. Outside of that situation, West Coast wholesale gasoline prices are now among the lowest in the nation with California, Oregon, and Washington seeing their averages drop back under $4/gallon, while the nation's midsection may see prices rising in the week ahead," DeHaan said.
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.