Gas prices falling, but still unstable
November 14, 2022
The price of gas has fallen in the last week in Illinois and across the nation but still remains higher than it was a year ago.
In the last week, the average price of a gallon of gasoline in Illinois has fallen by 14.9 cents, with today’s average being $4.14 per gallon, according to GasBuddy.
“With oil prices remaining volatile, the outlook is murky, but I’m hopeful in the lead up to Thanksgiving we’ll see prices declining in more states, while others may not be quite as lucky,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Regardless, we’ll still be seeing the most expensive Thanksgiving Day prices on record.”
Compared to last month, gas prices are lower 20.6 cents per gallon. Gas prices are still up by 65.2 cents per gallon compared to a year ago. The most expensive gas station in Illinois right now sits at $5.87 per gallon while the lowest in the state is $3.32 per gallon.
The national average of the price of gas has fallen by 2.6 cents per gallon in the last week. Across the country, gas prices are averaging at $3.76 per gallon, according to GasBuddy. Compared to last month, national gas prices are down by 14.3 per gallon but are still 36.3 cents higher than they were a year ago.