By WMBD TV
PEORIA, Ill. (WMBD) — For the third straight week, gas prices fell by double digits, according to a website that monitors gasoline price fluctuations.
According to the GasBuddy website survey of 148 stations in the Peoria area, the average price of gas was $4.24 a gallon, a decrease of 13.5 cents from last week.
That’s 61 cents lower than a month ago and 97.2 cents higher than a year ago. The national average price of diesel fell by 19.2 cents last week, to $4.99 a gallon.
According to GasBuddy price reports, the cheapest station in Peoria was priced at $3.84 a gallon. while the most expensive was $4.89 a gallon, a difference of $1.05 a gallon.
The average price of gas in the U.S. dropped 14.1 cents to an average of $3.85 a gallon, while the state’s average was $4.13 a gallon, down 17.6 cents from last week.
“Average gasoline prices declined in nearly every state over the last week, while all 50 states saw average diesel prices move lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, the outlook is far from settled. New uncertainty has emerged after Iran suggested the Strait of Hormuz was closed, along with fresh warnings that the U.S. could again strike Iran, developments that could push oil prices higher in the days ahead.
“Despite this, gasoline prices aren’t yet at significant risk of a spike, as some vessels have continued to move through the Strait,” he said. “Still, should the situation worsen or escalate further, motorists could see that risk change quickly.”
WMBD TV first reported this story. You can read the original story online at CIProud.com.
