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Woodford Times - Peoria, IL
  • Gas prices expected to continue climbing

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  • Average retail gasoline prices in Illinois have risen 8.4 cents per gallon in the past week, averaging $3.58 per gallon Sunday, according to GasBuddy's daily survey of 4,378 gas outlets in Illinois. This compares with the national average that has increased 5 cents per gallon in the last week to $3.40 per gallon, according to gasoline price website GasBuddy.com.
    Including the change in gas prices in Illinois during the past week, prices yesterday were 35.1 cents per gallon lower than the same day one year ago and are 18.1 cents per gallon higher than a month ago. The national average has increased 12.5 cents per gallon during the last month and stands 32.6 cents per gallon lower than this day one year ago.
    "The rate of increase in the national average has accelerated over the last week, and the worst is likely yet to come," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Oil prices continue to move higher as refineries continue their maintenance season, leading to a double whammy at the gas station. In addition, in another month we'll also start seeing refineries producing more expensive, cleaner burning summer gasoline, and that will likely keep upward pressure on retail gasoline prices. Just a handful of stations across the nation are seeing a price under $3 per gallon, and a few weeks from today, motorists along the West Coast with perhaps a few other states will be wishing for those current $3 prices," DeHaan said.
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