Gas prices continue to decline

Staff Writer
Woodford Times

Average retail gasoline prices in Peoria have fallen 10.1 cents per gallon in the past week, averaging $3.52/g yesterday. This compares with the national average that has fallen 7.1 cents per gallon in the last week to $3.53/g, according to gasoline price website PeoriaGasPrices.com.

Including the change in gas prices in Peoria during the past week, prices yesterday were 80.6 cents per gallon higher than the same day one year ago and are 20.8 cents per gallon lower than a month ago. The national average has decreased 7.2 cents per gallon during the last month and stands 82.9 cents per gallon higher than this day one year ago.

"Last week saw an impressive decline in crude oil and gasoline futures, and accordingly, motorists in most areas of the U.S. have seen retail gasoline prices decline. In some areas, price have outright plunged to under $3/gal," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "While social networking sites are abuzz about the decline, be warned that the market does remain extremely sensitive to geopolitical issues and refinery maintenance season is right around the corner," DeHaan adds. This compares with the national average that has fallen 7.1 cents per gallon in the last week to $3.53 per gallon, according to gasoline price website PeoriaGasPrices.com.

Including the change in gas prices in Peoria during the past week, prices yesterday were 80.6 cents per gallon higher than the same day one year ago and are 20.8 cents per gallon lower than a month ago. The national average has decreased 7.2 cents per gallon during the last month and stands 82.9 cents per gallon higher than this day one year ago.

"Last week saw an impressive decline in crude oil and gasoline futures, and accordingly, motorists in most areas of the U.S. have seen retail gasoline prices decline. In some areas, price have outright plunged to under $3 per gallon," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "While social networking sites are abuzz about the decline, be warned that the market does remain extremely sensitive to geopolitical issues and refinery maintenance season is right around the corner," DeHaan adds.