PEORIA, Ill. – Average gas prices in Peoria have gone up three cents a gallon in the last week, averaging $3.21 on Monday, according to GasBuddy’s survey of 148 gas stations in Peoria.
Peoria’s prices are just over six cents a gallon higher than a month ago, and just over 12 cents higher than this time last year.
GasBuddy price reports show the cheapest gas in Peoria on Sunday was $3.05 a gallon, and the highest-priced gas was $3.49. The lowest price of gas in the state was $2.84, and the highest-priced gas was $4.49.
GasBuddy says the national average price of gas has gone up 6.5 cents a gallon in the last week, averaging $3.09 on Monday.
“It was only a matter of time before the national average began to rise, with oil prices last week reaching their highest level since July. Diesel prices have also jumped, driven by cold weather that has boosted heating oil demand,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“In addition, with President Trump’s inauguration tomorrow (Monday), there could be price impacts depending on the executive orders he is preparing to sign. We’ll be closely monitoring potential impacts from any orders, while the threat of tariffs and possible retribution from Canada remain top of mind. However, the current increase is not yet the traditional seasonal rise, which is also likely to push prices higher and could begin in a few weeks,” De Haan says.
Meanwhile, AAA says the average price of gas in the Peoria/Pekin metro area on Monday was $3.22 a gallon, the state average was $3.26, and the national average price for unleaded gas was $3.20.
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