PEORIA, Ill. – Average gas prices in the Peoria area have fallen 4.7 cents in the last week, averaging $3.88 a gallon on Tuesday, according to GasBuddy’s survey of 148 stations in Peoria.
Prices in Peoria are six cents per gallon higher than a month ago and are just over three cents a gallon lower than a year ago.
The national average price of diesel has risen 9.6 cents in the last week at $4.435 a gallon.
According to GasBuddy, the cheapest gas in Peoria was $3.69 a gallon on Labor Day, while the most expensive gas was $4.19, a difference of 50 cents a gallon.
Illinois’ lowest price on Monday was $3.24 a gallon, while the highest was $5.29, a difference of $2.05 a gallon.
The national average price of regular unleaded gas has fallen 1.2 cents per gallon in the last week, averaging $3.77 a gallon on Tuesday.
The national average is down 4.4 cents per gallon from a month ago, just over two cents higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
“The national average fell to its lowest level since July ahead of Labor Day, even as oil prices rose last week to the highest level since last November,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition, Hurricane Idalia steered well clear of significant energy infrastructure, leading to zero impact to gas prices. With the switch back to winter gasoline less than two weeks away, we could eventually see more downward pressure on gas prices. However, any disturbances that threaten the Gulf could delay any decline between now and then, creating a bit of a bumpy ride for the next week or two before more relief arrives toward late September.”
AAA Illinois says the average price of regular unleaded gas in the Peoria-Pekin metro area was $3.90 on Tuesday, nearly unchanged from a week ago and about two cents less than a year ago.
The state’s average price for regular unleaded gas on Tuesday was $4.02.
