PEORIA, Ill. — Gas prices appeared to level off Sunday in the Peoria-Pekin metro area.
According to Triple A, the average price for a gallon of unleaded gasoline in Peoria stood at $4.55, which is about a penny cheaper than it was on Saturday.
As of Monday morning, the average price of a gallon of unleaded was still $4.55.
Drivers are seeing record high prices across the board as a combination of earlier supply chain issues, inflation and the war between Russia and Ukraine continues to put upward pressure on prices.
Illinois’s average for a gallon of gas on Monday was $4.56.
To relieve some of the pressure at the pump, the Biden administration and several other nations have committed to flooding the oil market with another 60 million barrels in strategic reserves.
The move is aimed at slowing prices increases, not necessarily bringing prices back down.
In addition, leaders in some states are now floating the idea of cutting or repealing state gas taxes to offer residents more relief.
Illinois Governor J.B. Pritzker mentioned the idea during a press event on Wednesday, but made no firm commitment on the issue one way or the other.
Of course, gas taxes is where much of the revenue is drawn for all important road and bridge projects across the state.
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