PEORIA, Ill. – Average gas prices in Peoria have dropped 1.7 cents per gallon in the last week, averaging $3.74 on Monday, according to GasBuddy’s survey of 148 stations in Peoria.
Prices in Peoria are 10 cents higher than a month ago, and 12.9 cents lower than this time last year.
According to GasBuddy price reports, the cheapest gas in Peoria on Sunday was priced at $3.49, while the most expensive gas was $3.94. The lowest price in Illinois was $3.18, while the highest price was $5.29.
GasBuddy says the national average price of gas has dropped 3.5 cents per gallon in the last week, averaging $3.44 on Monday.
“With oil prices plummeting due to new concerns over the U.S. economy after a poor jobs report, gasoline prices have seen downside in many states, with potential for more to join that trend this week as previous refinery disruptions in the Great Lakes region fade away and the restart process begins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel prices have also continued to drop, and while Tropical Storm Debby drops buckets of rain on Florida and the Southeast, it poses low risk to refineries or refined product pipelines, so the storm is not a major concern. With the Middle East on alert after Israel’s attacks on Hamas and Hezbollah, there could be an impact on oil prices; however, with an inability to predict the outcome, I for now expect gasoline prices in most states to gently decline in the week ahead, with the Middle East situation being a wildcard.”
Meanwhile, AAA says the average price of gas in the Peoria-Pekin metro area on Monday is $3.74, the state’s average price is $3.96, and the national average price of unleaded gas is $3.42.
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