PEORIA, Ill. – Peoria gas prices have dropped nearly 10 cents a gallon in the last week, averaging $3.07 on Monday, according to GasBuddy. AAA Illinois’ price is two cents higher.
Peoria prices are eight cents lower than last month, and nearly 4.5 cents lower than this time last year.
GasBuddy says the cheapest gas in Peoria on Sunday was $2.84, the highest price was $3.29, the lowest price in the state was $2.49, and the highest price was $4.79. AAA’s state average on Monday was $3.15.
Gasbuddy’s national price of unleaded gas has dropped about 8.5 cents in the last week, averaging $2.95 today (Monday). AAA’s national price is $3.00.
“Nearly every state saw average gas prices fall heading into Thanksgiving, with the national average dipping below $3 per gallon for several consecutive days—falling to $2.95/gal over the weekend, the lowest level since May 2021,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With refinery maintenance largely complete and OPEC increasing oil production for December, oil prices have struggled. Combine those factors and you have a solid recipe for continued downward pressure on gas prices in the weeks ahead. A few dozen stations are already offering gas under $2 per gallon, and we could see that number grow as we move further into the holiday season. It couldn’t come at a better time for Americans—with relief arriving just as the holidays kick off.”
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