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Gas prices continue to drop in Heart of Illinois

gasoline

PEORIA, Ill. (HOI) -- You continue to pay less for gas in the Heart of Illinois.

Gasbuddy.com reports prices fell 2.9 cents last week to an average of $2.55/gallon.

That is 2.5 cents per gallon lower than a month ago, but 52 cents per gallon higher than a year ago.

Nationally, prices also fell two cents to an average of $2.55/gallon.

That is down 0.8 cents per gallon from a month ago, but 30.4 cents per gallon higher than a year ago.

"With oil prices sagging lately, the door has been opened for a notable decline in U.S. gasoline prices, and that's exact what has happened, with more declines likely coming ahead of us before the fun is over," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "The Midwest has been the largest beneficiary of seasonal effects thus far with prices in several areas there declining upwards of 10-15 cents per gallon. The rest of the country will follow lower for the time being as demand for gasoline remains abysmal and the fuel being produced today will have to eventually be purged from the system over the next few months as refiners begin the transition to summer gasoline."

John Kendall

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