PEORIA, Ill. – Average gas prices in Peoria have dropped 8.0 cents a gallon in the last week, averaging $3.19 on Monday, according to GasBuddy’s survey of 148 stations in Peoria.
Prices in Peoria are about 20 cents a gallon lower than last month, and are just over 30 cents lower than a year ago.
According to GasBuddy, the cheapest gas in Peoria was $2.79 a gallon on Sunday, while the most expensive gas was $3.99. Illinois’ cheapest gas on Sunday was $2.54 a gallon, while the highest price was $4.99.
The national average price of unleaded gas has dropped 9.6 cents in the last week, averaging $3.11 a gallon on Monday, down 23.7 cents a gallon from a month ago, and just over 10 cents a gallon lower than a year ago, according to GasBuddy.
“For the 12th straight week, or three straight months, the national average has continued to decline, now at its lowest level of 2023 heading into the prime of the holiday season as oil prices continue to struggle amidst cooling demand,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With nearly 80,000 gas stations in the U.S. now priced below $3 per gallon, and 23 states also seeing average prices of $2.99 or less, motorists are getting substantial relief at the pump in time for the holidays. The trend is likely to continue in most states this week, while the national average could soon fall below $3.05 per gallon, the lowest since 2021. The good news may continue into 2024, with GasBuddy’s annual Fuel Outlook being released in just a few weeks.”
AAA Illinois meanwhile, says the average gas price in the Peoria-Pekin metro area on Monday was $3.20 a gallon, 8.0 cents lower than last week, and 30 cents lower than a year ago.
AAA says Illinois’ average gas price was $3.28 a gallon Monday, and the national average price was $3.15 a gallon.
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