PEORIA, Ill. – Average gas prices in Peoria have fallen less than a penny a gallon in the last week, averaging $3.25 on Monday, according to GasBuddy’s survey of 148 stations in Peoria.
Peoria’s prices are just over four cents a gallon higher than a month ago, and just over 30 cents lower than a year ago.
According to GasBuddy price reports, the cheapest gas in Peoria on Sunday was $2.99 a gallon, while the most expensive gas was $3.39.
The national average price of gas has dropped 0.6 cents a gallon in the last week, averaging $3.03 on Monday.
“The average price of gasoline in the U.S. hasn’t been this low since March of 2021, when the pandemic significantly reduced demand and kept prices suppressed. This time around, caution is also playing a role in keeping prices lower— particularly uncertainty over tariffs, which is likely having a moderate impact,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“Concerns about the direction of the economy could have a major influence on fuel prices in the months ahead, especially with the high level of uncertainty surrounding tariffs. Additionally, OPEC+ announced last week that it would gradually begin restoring oil production after nearly two years of cuts, adding further downward pressure on oil prices. As a result, the typical seasonal rise in gas prices has yet to materialize, and if and when it does, it may be considerably smaller than expected,” De Haan said.
Meanwhile, AAA Illinois says the average price of gas in the Peoria/Pekin metro area was $3.25 on Monday, the state average was $3.21, and the national average price of unleaded gas was $3.08 a gallon.
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