PEORIA, Ill. – Average gas prices in Peoria have gone up nearly 10 cents a gallon in the last week, averaging $3.83 on Monday, according to GasBuddy’s survey of local stations.
Prices in Peoria are about 26.5 cents higher than a month ago, and roughly 5.5 cents lower than this time last year.
GasBuddy price reports say the cheapest gas in Peoria was $3.47 a gallon on Sunday, while the most expensive gas was $3.95. The lowest price in Illinois was $3.18, while the highest priced gas was $8.77.
GasBuddy says the national average price of gas is up just over 3 cents in the last week, averaging $3.60 on Monday…up more than 14 cents from a month ago, and 5.5 cents lower than a year ago.
“With Iran’s attack on Israel over the weekend, the stakes couldn’t have been higher for a major potential impact on oil and gasoline prices. With the attacks largely thwarted and mostly unsuccessful, and with Iran signaling that their attack will be the end of their response, the risk to crude oil has diminished, and the situation is thankfully likely to de-escalate going forward,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “If Israel, which has promised to respond with further attacks, indeed does press on, it could certainly still push oil prices higher. However, motorists can expect other factors to influence what they’re paying at the pump. Motorists in the mid-Atlantic and Northeastern U.S. will soon see a spike in prices as they make the leap to summer gasoline— as much as 20-50 cents per gallon higher in nearly a dozen states. On the West Coast, price increases should finally slow, but the national average will likely climb again in the coming week.”
Meanwhile, AAA says the average price of gas in the Peoria-Pekin metro area was $3.84 on Monday, Illinois’ average price was $3.98 and the national average price of gas was $3.64.
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