Gas prices continue to fall
Average retail gasoline prices in Illinois have fallen 13.2 cents per gallon in the past week, averaging $3.49/g yesterday. This compares with the national average that has fallen 9.6 cents per gallon in the last week to $3.56/g, according to gasoline price website IllinoisGasPrices.com.
Including the change in gas prices in Illinois during the past week, prices yesterday were 1 cent per gallon lower than the same day one year ago and are 46.2 cents per gallon lower than a month ago. The national average has decreased 23.1 cents per gallon during the last month and stands 10.2 cents per gallon higher than this day one year ago.
"With Hurricane Sandy headed for East Coast, there are a number of uncertainties in regards to the impact at the pump for various fuels," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "There is very little to look back at history and compare this storm to, and so far, it remains to be seen exactly how gasoline and diesel prices will be impacted. For motorists west of the Mississippi, there may be little change in prices because of the storm, but as you head east, especially in the states to be highly impacted, there may be disruptions at various levels. However, any disruptions in supply may be offset by area-wide shutdowns of business, leading to curtailed demand for fuel. We will certainly be keeping everyone up-to-date on the GasBuddy blog throughout the storm," DeHaan said. The GasBuddy blog can be found at http://blog.gasbuddy.com.