PEORIA, Ill. – Gas prices in Peoria have dropped 2.9 cents a gallon in the last week, averaging $2.79 on Monday, according to GasBuddy.
Prices in Peoria are 16.4 cents lower than a month ago and 38.7 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 $2.19 and the highest-priced gas was $4.19.
The national average price of unleaded gas has dropped 0.8 cents in the last week, averaging $2.73 a gallon on Monday. The national average is down 17.0 cents from last month, and 28.9 cents lower than a year ago, according to GasBuddy.
“Gas prices nationally saw little change over the last week, though several price-cycling states did experience notable jumps,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The good news is that once prices rise in these markets, they often retreat for a week or longer afterward. While the situation in Venezuela has dominated headlines, it’s far too early for any measurable impact on what consumers are paying at the pump— whether prices go up or down— as it would likely take years to see a meaningful increase in oil output there. For now, gas prices remain seasonally lower, but with oil prices inching higher, the national average could soon see some limited upward movement.”
Meanwhile, AAA Illinois average price of gas in the Peoria/Pekin metro area is $2.83 a gallon. The state average price is $2.88, and the national average price of unleaded gas is $2.79.
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