Week of Oct. 26 gas update: Prices increase 8.3 cents per gallon

Gas+prices+in+Illinois.

Getty Images

Gas prices in Illinois.

Northern Star Staff

DeKALB — Illinois gas prices have risen 8.3 cents/g in the past week, averaging $3.50/g, according to GasBuddy’s daily survey of 4,378 stations in Illinois. Gas prices in Illinois are 23 cents per gallon higher than a month ago and stand $1.30/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Illinois is priced at $3.09/g today while the most expensive is $3.99/g, a difference of 90.0 cents/g. The lowest price in the state today is $3.09/g while the highest is $3.99/g, a difference of 90 cents/g.

The national average price of gasoline has risen 3.8 cents/g in the last week, averaging $3.36/g today. The national average is up 17.1 cents/g from a month ago and stands $1.21/g higher than a year ago.

“Gas prices continued to soar in a majority of the nation over the last week as oil’s meteoric rise pulls gasoline and other refined product prices higher. But, there may be some light at the end of the tunnel,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The sharp rise we’ve seen over the last three weeks should begin slowing down soon, barring another jump in the price of oil.”