PEORIA, Ill. – Peoria gas prices have risen 2.8 cents a gallon in the last week, averaging $3.14 on Monday, according to GasBuddy.
Prices in Peoria are 15.3 cents lower than a month ago and 12.1 cents lower than this time last year.
GasBuddy says the cheapest gas in Peoria on Sunday was $2.89 while the most expensive gas was $3.39. The lowest price in the state was $2.67 and the highest price was $4.79.
GasBuddy’s national average price of unleaded gas has dropped 1.4 cents a gallon in the last week, averaging $2.99 on Monday. That’s down 14.8 cents from last month and 6.6 cents lower than a year ago.
“The national average once again briefly dipped below the $3 per gallon mark, but the drop will be short-lived,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Gas prices are likely to rebound soon in the Great Lakes states due to ongoing refinery challenges, while a new snag at a California refinery may slow the pace of declines on the West Coast. To top it off, OPEC+ announced another boost to oil production for December over the weekend, though they also signaled a pause in further increases from January through March. For now, expect the national average to hover in the low-$3 range, potentially drifting lower once refinery issues are resolved.”
Meanwhile, AAA Illinois’ average price of gas in the Peoria/Pekin metro area on Monday was $3.15, the state average price was $3.19, and the national average price of unleaded gas was $3.03.
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