PEORIA, Ill. – Average gas prices in Peoria have dropped 2.7 cents a gallon in the last week, averaging $3.29 on Monday, according to GasBuddy’s survey of 148 stations in Peoria.
Peoria’s prices are 6.5 cents lower than a month ago and 46.8 cents lower than a year ago.
According to GasBuddy price reports, the cheapest gas in Peoria on Sunday was $3.09 a gallon, while the most expensive gas was $3.99. The lowest price in the state was $2.74 a gallon, while the highest price in the state was $4.59.
The national average price of gas has gone up 0.9 cents a gallon in the last week, averaging $3.10 a gallon on Monday. The national average is down 6.5 cents a gallon from a month ago and 37.5 cents per gallon lower than a year ago, according to GasBuddy data.
“It’s been another relatively quiet week for average gas prices, with most states seeing modest or slight declines, while a handful of price cycling states experienced the most noticeable fluctuations,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices continue to hover in the mid-to-upper $60s, and with gasoline demand starting to ease as we head into August, we could see prices gradually decline as we approach Labor Day. That said, this is also the time of year when the tropics begin to stir, so we’ll be keeping a close eye on hurricane activity that could disrupt supply and shift the outlook.”
Meanwhile, AAA Illinois said the average price of gas in the Peoria/Pekin metro area on Monday was $3.29, the state average price was $3.37, and the national average was $3.14 a gallon.
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