PEORIA (HOI) — Gas prices in the Peoria area dropped slightly in the last week by 1.4 cents per gallon for an average of $3.02, according to GasBuddy’s weekly report.
The survey of 148 stations in the area found the cheapest gas was at $2.65 per gallon, while the most expensive was at $3.72.
Area prices are 1.9 cents higher than a month ago and $1.22 higher than last year at this time.
The statewide average is being reported at $3.02 per gallon and the Quad Cities area is seeing an average of $2.85 and the Champaign area is at $2.98.
“Last week saw limited upward movement in gas prices, tying the previous high water mark we last saw in March, signaling that perhaps we may see additional upside as most states in the nation have finished the transition to EPA-mandated summer gasoline. While gasoline demand did dip last week for the third straight week according to GasBuddy data, it was yet another small decline, and as temperatures continue to warm ahead of summer, it wouldn’t surprise me that demand will rebound in the weeks ahead and we could continue to see gas prices push higher. For now, however, it doesn’t appear that any rise in price would be significant, so motorists shouldn’t be too concerned at this point, but may see see average prices inch higher.”
Patrick De Haan, head of petroleum analysis for GasBuddy
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April 26, 2021 at 08:56PM
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Report: Peoria area gas prices see slight decrease in last week - HOI ABC
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