PEORIA, Ill. – Average gas prices in Peoria have dropped 7.6 cents per gallon in the last week, averaging $3.14 a gallon on Monday, according to GasBuddy’s survey of 148 stations in Peoria.
Prices in Peoria are 22.3 cents lower than a month ago, and 27.9 cents lower than a year ago.
According to GasBuddy price reports, the cheapest gas in Peoria was $2.79 per gallon on Sunday, while the most expensive gas was $3.39. The lowest price in the state on Sunday was $2.68 per gallon, while the highest-priced gas was $4.59.
The national average price of gas has dropped 0.7 cents per gallon in the last week, averaging $3.02 on Monday.
“Several states saw gas prices jump or ‘cycle’ last week, a behavior in which gas prices climb significantly after falling below a station’s replacement price. This led the national average to see little meaningful change from last week, with many states experiencing a slow decline, offsetting the few states that did see big jumps,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, the good news is that those states that saw large jumps last week will likely see some of the biggest declines at the pump this week, paving the way for the national average to fall, potentially below $3 per gallon, just in time for Thanksgiving, with GasBuddy tracking 28 states already below that level.”
Meanwhile, AAA Illinois says the average price of gas in the Peoria/Pekin metro area on Monday was $3.18, the state’s average price was $3.21, and the national average price of unleaded gas on Monday was $3.07.
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