Week of March 8 gas update: Prices jump 4.8 cents a gallon

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The cheapest gas prices in the state reported Sunday at $3.17/g, while the most expensive was $4.49/g with a difference of $1.32/g.

By Elisa Reamer, News Editor

DeKALB  Illinois gas prices have risen 4.8 cents per gallon in the past week, averaging $2.88 per gallon Monday, according to GasBuddy’s daily survey of 4,378 stations in Illinois. Gas prices in Illinois are 28.4 cents per gallon higher than a month ago and stand 48.6 cents per gallon higher than a year ago.

The cheapest station in Illinois is priced at $2.55 per gallon today while the most expensive is $3.29 per gallon, a difference of 74.0 cents per gallon, according to the Gasbuddy price reports. 

“[Organization of the Petroleum Exporting Countries] surprised oil markets last week by extending oil production cuts for another month, ignoring the resurgence in global demand as economies recover from COVID-19. Markets responded by pushing oil prices up some 12%,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “As a result, motorists should prepare for further gas price increases in the weeks and potentially months ahead, with a $3 per gallon national average potentially less than a month away,”