PEORIA, Ill. – Peoria’s average gas prices have gone up about 2.5 cents a gallon in the last week, averaging $3.18 on Monday.
GasBuddy says Peoria’s prices are just over 13.5 cents higher than a month ago, and nearly 24 cents higher than this time last year.
According to GasBuddy price reports, the cheapest gas in Peoria was $2.99 a gallon on Sunday, while the most expensive gas was $3.39. The lowest price in the state on Sunday was $2.74 a gallon, while the highest-priced gas was $4.59.
The national average gas price has jumped about 5.5 cents a gallon in the last week, averaging $3.03 on Monday.
“Oil prices have surged to nearly $74 per barrel, the highest level in months, driven by optimism that China’s recent economic policy shifts could boost oil demand, resulting in one of the largest weekly climbs in U.S. gas prices in months,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
De Haan adds, “While the national average dipped below $3 per gallon for a few days in recent weeks, those days are likely behind us. GasBuddy’s 2025 Fuel Outlook, released last week, forecasts continued slight increases at the pump in the weeks ahead, before the larger seasonal spike begins in mid-to-late February and lasts through spring.”
Meanwhile, AAA Illinois says the average price of gas in the Peoria/Pekin metro area on Monday was $3.19, the state’s average price was $3.20, and the national average gas price was $3.06.
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