Week of Jan. 25 gas update: Prices jump 1.7 cents a gallon

Northern Star Staff

DeKALB – The average price of gas in Illinois on Jan. 25 is $2.48 per gallon, according to GasBuddy’s daily survey of 4,378 stations. This is a 1.7 cent rise in gas prices from last week.

While prices in the state are 6.1 cents per gallon, lower than they were a year ago, gas prices have risen 12.1 cents per gallon in the last month.

These are trends that are being seen on the national level as well. While the national average is lower than Illinois’ at $2.40 per gallon, this is still a 1.1 cent increase from last week. Prices are also 12.6 cents per gallon, lower than they were a year ago as well, but the national average is still 14.4 cents higher than last month.

“Finally, after several weeks of sharply rising gas prices, the pace of price increases has slowed significantly in recent days as prices are now largely caught up to oil’s increases as of late,” said Patrick De Haan, head of petroleum analysis for GasBuddy. 

Even though prices are still rising across the nation, it is not as drastic as it has previously been.

“While the national average remains at its highest level since the pandemic, increases are likely to slow down in the immediate short-term unless and until oil prices see renewed momentum,” he said.