Over 16 cents down: Gas price average falls around Peoria

Gas Prices
Gas Prices(MGN)
Published: Nov. 21, 2022 at 10:43 AM CST
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PEORIA (25 News Now) - The average price of gas around Peoria has fallen 16.3 cents per gallon in the last week, averaging $3.95 per gallon, according to GasBuddy’s 148 Peoria station survey.

This makes prices around the River City 33.1 cents per gallon lower than a month ago and 40.2 cents higher per gallon than this time last year.

The cheapest station around Peoria was priced at $3.72 per gallon while the most expensive was $4.49 per gallon - a 77-cent difference.

The national average diesel price has dropped 6.7 cents per gallon and stands at $5.28 per gallon.

“Everyone will be seeing relief at the pump this week, with even more substantial declines on the way as oil prices plummeted last week to briefly trade under $80 per barrel,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “It’s not impossible that if oil markets hold here, we could see a national average of $2.99 around Christmas, certainly the gift that every motorist is hoping for.”

“Drivers shouldn’t be in a rush to fill up as prices will come down nearly coast-to-coast into the heavily traveled Thanksgiving holiday.”