PEORIA, Ill. – Average gas prices in Peoria have dropped 0.8 cents per gallon in the last week, averaging $3.38 a gallon on Monday, according to GasBuddy’s survey of 148 stations in Peoria.
Prices in Peoria are 5.4 cents a gallon lower than a month ago, 16.2 cents lower than a year ago.
According to GasBuddy price reports, the cheapest gas in Peoria was $3.09 a gallon on Sunday, while the most expensive gas was $3.62. The lowest price in the state on Sunday was $2.82, while the highest-priced gas was $4.79.
The national average price of unleaded gas has fallen 3.3 cents a gallon in the last week, averaging $3.13 on Monday.
“The median U.S. price for gasoline has just slipped below the $3/gal mark for the first time since early 2024, while the national average price of gasoline has returned to decline as oil prices have begun to cool off after Iran’s attack on Israel, due in part to sources saying Israel has agreed not to attack Iran’s oil infrastructure,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With the potential of an attack on Iran’s oil infrastructure decreasing as a result, the risk calculus for oil is decreasing, and with continued economic weakness in China providing bearish sentiment, oil prices late last week slipped back below the $70 per barrel mark, opening the door for a longer decline to potentially return to the national average. I’m hopeful that the downward trend will continue again this week for a majority of Americans as we see the average price of gasoline start to make a targeted effort to fall below the $3/gal mark for the first time since 2021.”
Meanwhile, AAA says the average price of gas in the Peoria/Pekin metro area on Monday was $3.37 a gallon, the state average was $3.39, and the national average price of unleaded gas was $3.17 a gallon.
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