
By Neil Doyle
BLOOMINGTON – Some good news for summer road trippers this 4th of July weekend, as gas prices should be cheaper than a year ago, according to GasBuddy.
Patrick De Haan is the head of petroleum analysis at GasBuddy.
“Going into July 4th prices have been down over the last week, but my goodness, we are going to be spending about a $1.50 less this July 4th compared to last year, so a big improvement there,” said De Haan.
Starting July 1, Illinois’ motor fuel tax will go up three cents after being delayed.
According to GasBuddy’s 2023 summer travel survey, 36% of drivers are planning to take a road trip over the Independence Day weekend, up 9% from last year.
De Haan says though prices at the pump remain volatile amidst global economic uncertainty, they are projected to remain in the $3.50-$4 per gallon range throughout the rest of the summer.
Neil Doyle can be reached at [email protected]