PEORIA, Ill. – The average price of a gallon of gas in the Peoria area is inching closer to below three dollars.
GasBuddy reports Monday’s average in the Peoria area is $3.02/g, down 5.5 cents in the past week. The average is 19.7 cents lower than a month ago, and 6.7 cents lower than a year ago.
Triple A is reporting a $3.03/g average in the Peoria-Pekin metro area on Monday, down 6.7 cents in the past week.
The cheapest price reported on Sunday in Peoria by GasBuddy was $2.76/g, with the highest at $3.49/g.
Peoria’s average is similar to the state average for Monday, with Illinois averaging $3.03/g, down 9.5 cents in the past week. The lowest price in Illinois reported by GasBuddy on Sunday was $2.14/g, with the highest at $4.49/g.
Analysts say prices continue to fall across the country, and will most likely continue into the new year.
“Gas prices continued to decline in most states last week, while some price cycling states saw temporary spikes to restore margins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With the national average falling further, we’re now at multi-year lows heading into Christmas. Diesel prices are also easing, and in the cheapest cities, averages have dipped into the low-$2 range—with a few stations still offering gas under $2 per gallon. Barring any major disruptions, prices are likely to stay relatively low into the new year.”
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