PEORIA, Ill. – Gas prices in Peoria have risen 13.5 cents a gallon in the last week, averaging $4.13 a gallon on Monday, according to GasBuddy and AAA Illinois.
Peoria’s prices are 9.7 cents lower than a month ago and 81.4 cents higher than a year ago.
According to GasBuddy price reports, the cheapest gas in Peoria was $3.94 a gallon on Sunday, while the most expensive gas was $4.39. The lowest price in the state was $3.39 a gallon, while the highest price was $5.99.
AAA Illinois’ average state price on Monday was $4.15 a gallon, and the national average was $4.00.
GasBuddy says the national average price of gas has risen 13.0 cents a gallon in the last week, averaging $3.95 on Monday. The national average is up 6.5 cents per gallon from a month ago and 85.7 cents per gallon higher than a year ago.
“Average gasoline and diesel prices rose in nearly every state for the second straight week, with the national average price of gasoline likely to reach $4 per gallon within the next 48 hours and diesel already back above $5 per gallon nationally,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While the ongoing U.S.-Iran situation continues to weigh on markets, the story is increasingly less about crude oil and more about global refining capacity — the Strait of Hormuz remains closed while continued Ukrainian attacks on Russian refineries further squeeze an already strained supply picture. With WTI crude approaching $85 per barrel in Sunday night trading, price-cycling markets are likely to see another jolt higher in the coming days, and motorists should brace for a rougher stretch ahead.”
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