Little movement expected in gas prices this week
Average retail gasoline prices in Peoria have fallen 9.3 cents per gallon in the past week, averaging $3.32 per gallon yesterday. This compares with the national average that has increased 0.6 cents per gallon in the last week to $3.34 per gallon, according to gasoline price website PeoriaGasPrices.com.
Including the change in gas prices in Peoria during the past week, prices yesterday were 19.5 cents per gallon higher than the same day one year ago and are 1.6 cents per gallon higher than a month ago. The national average has increased 11.8 cents per gallon during the last month and stands 25.3 cents per gallon higher than this day one year ago.
"We saw oil prices fall gently late last week as tensions with Iran seemingly have cooled somewhat," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "I'm certainly hopeful that the recent easing in tensions between Iran and the West continues in coming months, but there are certainly no guarantees and few expectations of such. Having said that, I expect gasoline prices to move very little in the next week, and in some areas of the U.S. gasoline prices may fall this week."