Week of March 1 gas update: Prices jump 7.4 cents a gallon

Aidan Bengford

DeKALB – Illinois gas prices have risen 7.4 cents per gallon in the past week, averaging $2.83/g today, according to GasBuddy’s daily survey of 4,378 stations in Illinois. Gas prices in Illinois are 30.2 cents per gallon higher than a month ago and stand 31.3 cents per gallon higher than a year ago.

The cheapest station in Illinois is priced at $2.19/g today while the most expensive is $3.19/g, a difference of 100.0 cents per gallon, according to GasBuddy price reports. Illinois continues to have higher than average gas prices with the national average at $2.72/g which rose 7.5 cents per gallon in the past week. 

“Gas prices continued to surge last week following cold weather related shutdowns in Texas, but going forward, the impact from the cold has likely run its course.” said Patrick De Haan, head of petroleum analysis for GasBuddy. “According to Pay with GasBuddy data, last week’s total gasoline demand soared to the highest level since the pandemic began as COVD-19 cases continue to drop and Americans are filling up more. This week, OPEC will be meeting to hopefully increase oil production to temper the rise in prices.”