PEORIA, Ill. – Average gas prices in Peoria have dropped nearly 5.5 cents per gallon in the last week, averaging $3.43 on Monday, according to GasBuddy’s survey of 148 stations in Peoria.
Peoria’s prices are just over 24 cents lower than last month, and over 33 cents lower than this time last year.
According to GasBuddy price reports, the cheapest gas in Peoria on Sunday was $3.11 a gallon, while the most expensive gas was $3.79. The lowest price in the state on Sunday was $2.79, and the highest priced gas was $4.95.
GasBuddy’s national average price of unleaded gas has gone up a little over a penny in the last week, averaging $3.16 on Monday.
“With oil prices jumping after the U.S. Federal Reserve cut interest rates by a larger-than-expected half percent, we’ve seen some states where gas prices have inched back up, while others have continued to decline. Most of these increases should be temporary with declines returning in the days and weeks ahead,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Meanwhile, AAA says the average gas price in the Peoria/Pekin metro area was $3.43 on Monday, the state’s average price was $3.46, and the national average gas price was $3.21.
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