PEORIA, Ill. – Gas prices in Peoria have dropped 7.7 cents a gallon in the last week, averaging $2.85 on Monday, according to GasBuddy.
Peoria’s prices are 30.7 cents lower than last month and 29.2 cents lower than this time last year.
GasBuddy price reports show the cheapest gas in Peoria on Sunday was $2.59 a gallon, while the most expensive gas was $3.29. The lowest price in the state was $2.29 and the highest price was $4.29.
GasBuddy’s national average price of unleaded gas has dropped 5.7 cents a gallon in the last week, averaging $2.79 on Monday. That’s down 26.4 cents from a month ago and 21.4 cents lower than a year ago.
“For a fourth straight week, the national average price of gasoline has declined, as conditions remain ripe for some of the lowest seasonal gas prices in five years,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices continue to struggle amid rising U.S., Canadian, and OPEC+ oil production, while refinery output remains near some of the highest seasonal levels in years— factors that are likely to keep gas prices under pressure over the weeks ahead. We’re continuing to see some gas prices below $2 per gallon in the nation’s cheapest states, now at more than 125 gas stations. Diesel prices have also seen some relief, though inventories remain tight, keeping the national average higher than a year ago.”
Meanwhile, AAA Illinois said the average price of gas in the Peoria/Pekin metro area on Monday was $2.87 a gallon, the state average price was $2.94, and the national average price of gas was $2.85.
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