Weekly Gas Update: Sept. 6


Sean Reed

Shell gas station located on North 7th street in DeKalb. This gas station is selling gas at $3.44/gal at time of publication. (Sean Reed | Northern Star)

DeKALB- The average price of gasoline in Illinois has fallen 4.2 cents per gallon in the last week. Today, gas averages $4.10/gal according to GasBuddy’s survey of 4,378 gas stations in Illinois.

Prices in Illinois are 32.0 cents per gallon lower than last month and stand 81.8 cents per gallon higher than a year ago. The national average price of diesel has declined 2.0 cents in the past week and stands at $5.02 per gallon.

According to GasBuddy price reports, the cheapest gas station in Illinois was priced at $3.36/gal yesterday, while the most expensive was $5.87/gal, a difference of $2.51/gal. 

The national average price of gasoline has fallen 7.7 cents per gallon in the last week, averaging $3.75/gal today. The national average of gasoline is down 29.5 cents per gallon from last month, and stands 57.6 cents per gallon higher than it was a year prior, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations nationwide. 

History shows how gas prices have increased drastically over the past 10 years. From the years of 2015-2020 gas was on average $2.48/gal, while from 2012-2014, gas was on average $3.61/gal, still less than the $3.75/gal average that we are seeing today. 

The national average has declined for 12 weeks straight. This will make it the longest tally since 2018, and it could soon eclipse that mark, given two more weeks of decline. Though that may be challenged, given a recent decision made by The Organization of the Petroleum Exporting Countries (OPEC) to reduce oil production next month.