Gas prices see record setting single day decline over Thanksgiving

Shell+gas+station+with+a+price+of+%243.93+on+Monday+afternoon+at+308+N.+Seventh+Street+in+DeKalb.++%28Sean+Reed+%7C+Northern+Star%29

Sean Reed

Shell gas station with a price of $3.93 on Monday afternoon at 308 N. Seventh Street in DeKalb. (Sean Reed | Northern Star)

By Carlos Finney Jr., Sports Reporter

GasBuddy’s latest week update on gas prices show that Illinois prices have dropped by 19 cents per gallon in the past week. Compared to last month, prices are down by 35.6 cents per gallon but still higher than they were a year ago by 26.5 cents per gallon.

The gas station with the lowest price in Illinois is at $2.89 per gallon and the gas station that charges the most sits at $5.87 per gallon according to GasBuddy. 

As for the National prices, gas prices dropped by 12.4 cents per gallon over the week to give an average cost of $3.52 per gallon today. This was a decline of 22.7 cents per gallon from a month ago.

These declines made history over the thanksgiving holiday according to GasBuddy’s petroleum analyst Patrick De Haan.

 “We saw gasoline prices continue dropping coast to coast,” said De Haan. “And a new record was set for the largest single day decline in the national average.”