Gas Prices Declining in Illinois

Gas prices continue to drop across the state as the latest gas report shows prices at the pump are down 14 cents over the past week. Head of petroleum analysis at GasBuddy, Patrick De Haan provides an update.

“We have seen prices now falling the last three weeks. In the last week alone, we have seen the statewide average in Illinois fall 15 cents a gallon. A lot of this is coming as oil prices have started to sag a bit more, not only that, but gasoline supplies are starting to slowly improve. It was just about a month and a half ago, that gasoline supplies in the Midwest had fallen to their all-time seasonal low.”

De Haan says that Illinois is without a doubt still the most expensive state when it comes to gas prices in the Midwest, and was once the second most expensive state in the country, but now sit at seventh. The cheapest station in Illinois earlier this week was priced at $4.38 a gallon, while the most expensive was $6.79 a gallon.

***Courtesy of farmweeknow.com***