PEORIA, Ill. – Average gasoline prices in Peoria have fallen 13.1 cents per gallon in the last week, averaging $4.11 a gallon on Monday, according to GasBuddy. Prices in Peoria are 62.6 cents a gallon lower than a month ago and are 75.0 cents higher than a year ago.
According to GasBuddy price reports, the cheapest station in Peoria was $3.76 a gallon on Sunday, while the most expensive gas was $4.39. The lowest price in the state on Sunday was $3.45, and the highest price was $5.99.
The national average price of gasoline has fallen 6.9 cents per gallon in the last week, averaging $3.78 a gallon on Monday. The national average is down 55.6 cents per gallon from a month ago and stands 64.2 cents a gallon higher than a year ago, according to GasBuddy data.
“Average gasoline prices fell in 46 states over the last week, with diesel declining in 49, pushing the national average to its lowest level since mid-March,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The declines came despite a turbulent week, as fresh attacks were traded between the U.S. and Iran before both sides agreed to halt hostilities just in time Sunday, preventing what could have been a significant spike in oil prices. For now, GasBuddy anticipates the national average will continue drifting lower this week, though the situation remains anything but predictable. A handful of price-cycling states could see prices jump ahead of the July 4 holiday, while many states that already cycled higher last week should see prices fall back down. Motorists in non-cycling states are likely to see continued relief, but the fragile nature of the U.S.-Iran situation means the outlook could shift quickly.”
Meanwhile, AAA Illinois says the average price of unleaded gas in the Peoria/Pekin metro area on Monday was $4.16, the state average price was $4.12, and the national average was $3.86 a gallon.
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