Gas prices have taken a noticeable jump in recent weeks, and multiple factors are playing into the price increase. According to GasBuddy.com, gas prices are averaging at $2.70 a gallon in Illinois, up almost 20 cents from last week. That is up 52 cents from the same time last year.
Tim Sutton is the Energy Marketing Manager at Christian County FS. He says many factors worldwide are making American oil more attractive to export.
Sutton says the price increase is playing a role in farmers' profit margins as they finish up the harvest.
Sutton says once the supply of gasoline products gets back in line with the demand, he believes gas prices will drop again to levels they were at before the spike.