Gas prices in Illinois are still rising, but this time only slightly compared to the previous week’s spike. A new survey from GasBuddy finds the average price for a gallon of regular gas in Illinois is $4.19. That’s up 2.5 cents per gallon from last week. It’s still more than a dollar higher than a month ago and 75 cents higher than this time last year.
Prices across the state still vary heavily. The lowest reported amount was $3.34 per gallon, with the highest at $5.49.
Nationally, prices have climbed at 10% the rate of GasBuddy’s previous report. At an average of $3.95 per gallon, that’s up nearly a dollar compared to a month ago.
In and around Illinois, Peoria prices remain at just over $4.02 per gallon, while Champaign’s average dropped 3.5 cents to $3.95. In St. Louis, the average price remains at $3.78.
Patrick De Haan, head of petroleum analysis at Gasbuddy, says as long as disruptions in the Strait of Hormuz due to the conflict in Iran persist, prices will likely continue to rise. He adds that further prices increases, especially with respect to diesel, could quicken inflation.
GasBuddy is a fuel savings platform providing real-time pricing data for more than 150,000 stations across North America. Learn more at www.gasbuddy.com.
