Fuel averages decline around Peoria, nationwide

Gas prices in Charlotte have declined for the eighth straight week.
Gas prices in Charlotte have declined for the eighth straight week.(Source: MGN)
Published: Sep. 19, 2022 at 10:31 AM CDT
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(25 News Now) - Gas price averages have fallen around Peoria - by 3.8 cents per gallon in the last week - averaging $3.76 per gallon Monday, according to GasBuddy’s 148 station survey.

This makes the price of gas in the River City 18.5 cents per gallon lower than a month ago and 44.4 cents higher than this time last year.

The national average price of diesel has declined seven cents in the last week and is now $4.93 per gallon.

According to GasBuddy price reports, the cheapest station in Peoria was priced at $3.63 per gallon Sunday while the most expensive was $3.99 per gallon, a difference of 36 cents per gallon.

The lowest price in Illinois Sunday was $3.13 per gallon while the highest was $5.87 per gallon, a difference of $2.74 per gallon.

The national average price of gasoline has fallen 3.9 cents per gallon in the last week, averaging $3.64 per gallon today. The national average is down 25.7 cents per gallon from a month ago and stands 45.9 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

“With a 14th consecutive weekly decline, the national average price of gasoline has now surpassed 2018′s record decline, seeing its longest downward streak since 2015,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While some states continue to see gas prices trend higher, the majority have continued to decline. However, this week could change the downward trend. With some issues arising in Plains and Great Lakes states as the transition to winter gasoline begins, I think we have the best potential to see the weekly trend of falling prices snapped. West Coast states also continue to see increases as unexpected refinery issues continue to percolate, preventing a downward move. While gasoline could nudge higher, diesel prices should continue to ease after a much-needed jump in inventories last week.”