PEORIA, Ill. – Average gas prices in Peoria have dropped 2.4 cents per gallon in the last week, averaging $3.41 a gallon on Monday, according to GasBuddy’s survey of Peoria gas stations.
Peoria’s prices are 19.8 cents per gallon lower than a month ago, just over 70 cents a gallon lower than a year ago. Gasbuddy also says the national average price of diesel has dropped 4.2 cents in the last week, averaging around $4.34 per gallon.
According to GasBuddy price reports, the cheapest gas in Peoria was $3.07 a gallon on Sunday, while the most expensive was $3.99. The lowest price in Illinois on Sunday was $2.88, while the highest was $4.99.
Gasbuddy says the national average price of gas has dropped 4.6 cents per gallon in the last week, averaging $3.33 on Monday. The national average is down 24.8 cents per gallon from a month ago, and 42.6 cents per gallon lower than a year ago.
“As motorists turn their attention to Thanksgiving, they certainly can be thankful for the decline in gasoline prices, which has now reached eight straight weeks. GasBuddy counts 11 states where average prices are below $3 per gallon, with several more to join this week. Even in California, the nation’s most expensive gasoline average will fall below $5 in the next 48 hours,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Gasoline demand has struggled in recent weeks, falling not only due to the seasonal nature, as Americans drive less as the weather gets colder, but it appears there may be some economic headwinds entering the equation as well.”
GasBuddy will be releasing its Thanksgiving Travel Survey results and gas price forecast on Tuesday.
Meanwhile, AAA Illinois says the state’s average price of unleaded gas on Monday was $3.54. The Peoria-Pekin Metro’s average price was $3.42, and the national average was $3.36.
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