PEORIA, Ill. – Gas prices in Peoria have gone up 9.1 cents a gallon in the last week, averaging $3.36 on Monday, according to GasBuddy’s survey of stations in Peoria.
Prices in Peoria are 12.2 cents higher than a month ago, and 29.8 cents lower than a year ago.
GasBuddy on Monday also released (https://go.gasbuddy.com/july-4-2025) its 2025 Independence Day gas price forecast, projecting the national average price of gas falling to $3.15 per gallon on July 4, down nearly 35 cents from last year’s July 4 average to the lowest Independence Day tally since 2021.
Though recent events have caused some turmoil and volatility in energy markets, gas prices have fallen due to cooling Middle East geopolitical tensions and increased oil production from OPEC in recent months.
According to GasBuddy price reports, the cheapest gas in Peoria on Sunday was $3.19 a gallon, while the most expensive gas was $3.49. The lowest price in the state was $2.75, while the highest price was $4.79.
The national average price of unleaded gas has fallen 3.8 cents a gallon in the last week, averaging $3.14 on Monday. The national average is up 1.1 cents a gallon from a month ago, but 32.1 cents lower than a year ago, according to GasBuddy data.
“The national average price of gasoline has resumed its decline, with falling prices driven by easing tensions in the Middle East—just weeks after those same tensions had pushed prices higher,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For motorists planning to hit the road for Independence Day, gas prices are expected to continue falling nearly coast to coast in the lead-up to July 4. Relief could expand as the holiday weekend approaches, with the national average on track to hit its lowest July 4 level since 2021 at $3.15 per gallon, we project. As long as tensions in the Middle East remain contained and the U.S. avoids a major hurricane, we could see the national average fall below $3 per gallon later this summer.”
Meanwhile, AAA Illinois says the average price of gas in the Peoria/Pekin metro area on Monday was $3.36 a gallon, the state average price was $3.47, and the national average price of unleaded gas was $3.18.
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