PEORIA, Ill. – Gas prices in Peoria have dropped 4.1 cents a gallon in the last week, averaging $3.24 on Monday, according to GasBuddy.
Peoria’s prices are 9.6 cents lower than a month ago, and 47.6 cents lower than this time last year.
According to GasBuddy price reports, the cheapest gas in Peoria on Sunday was $3.05 a gallon, while the most expensive gas was $3.49. The lowest price in the state was $2.81 a gallon and the highest price was $4.49.
The national average price of gas has dropped 3.8 cents in the last week, averaging $3.09 a gallon on Monday, down 6.9 cents from a month ago, and 41 cents lower than a year ago, according to GasBuddy data.
“The national average price of gasoline has continued its gentle descent over the last week, with the most notable declines seen in the Great Lakes region, where a minor refinery issue was resolved, sending wholesale gas prices lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“We’re also beginning to see prices retreat in California, a trend that should soon extend across much of the West Coast as additional gasoline shipments from Asia help offset recent refinery disruptions. While gasoline inventories remain somewhat tight heading into the summer, I’m optimistic that increased refinery output could pave the way for further price declines. That said, any unexpected outages could still cause short-term price bumps,” De Haan said.
Meanwhile, AAA Illinois says the average price of gas on Monday in the Peoria/Pekin metro area was $3.25 a gallon, the state average price was $3.37, and the national average price of unleaded gas was $3.14.
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