PEORIA, Ill. – Average gas prices in Peoria have risen 20 cents a gallon in the last week, averaging $3.77 on Monday, according to GasBuddy’s survey of 148 local stations.
Prices in Peoria are 31.7 cents a gallon higher than a month ago and 10.6 cents higher than this time last year.
According to GasBuddy price reports, the cheapest gas in Peoria on Sunday was priced at $3.37 a gallon, while the most expensive gas was $3.89. The lowest price in Illinois on Sunday was $3.15 a gallon, while the highest priced gas was $5.19.
The national average price of gas has jumped 6.4 cents in the last week, averaging $3.51 a gallon on Monday. That’s up 27 cents from a month ago, and 8.7 cents higher than a year ago, according to GasBuddy data.
“We’ve now seen the national average price of gasoline rising for four straight weeks, which isn’t uncommon for this time of year. What is uncommon is the number of attacks on Russian oil refiners; attacks which could have ripple effects worldwide if they continue,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Russia could see more capacity impacted by the attacks, forcing it to buy such products on the global market, pushing prices up everywhere. With oil prices now under more pressure and attacks potentially increasing on Russian refiners, we could be in for a few more weeks of rising prices. Significant as well is the fact that Americans are now seeing inflation again at the pump with prices higher than they were a year ago.”
Meanwhile, AAA says the Peoria-Pekin metro area’s average gas price on Monday was $3.77 a gallon. The state’s average price is $3.91 and the national average price for unleaded gas is $3.53.
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