Today’s fuel price musings - National average keeps spiking

1 comment March 4th, 2008

(data courtesy of AAA’s fuelgaugereport.com)

Gasoline: The big news for today is that the national average is higher than the Illinois average for the first time in, well, a while. The national average jumped only a fraction of a cent and is still at $3.17, while the state average dropped a cent to $3.16. Not only does Illinois now have only the 20th-highest gas prices in the country, but 18 states have higher average prices than Rockford. Can this trend hold? We remain third in the state, increasing a cent to $3.18 a gallon. The Quad Cities remains the top in the state at $3.21, while Chicago fell a cent to $3.19 a gallon.

Diesel: Rockford is back up to fifth in the state, increasing four cents to $3.78 a gallon. We’re four cents below the state average, which dropped less than a cent. Chicago returns to the top with $3.90, but had a slight decrease that may stall its journey to $4. Remember Danville? They continued their yo-yo trend, dropping eight cents to $3.82. I expect tomorrow’s Danville prices to be in Euros.While Illinois on a whole dropped slightly in diesel prices, the national average increased a penny to $3.68; Illinois has the 9th-highest diesel prices in the country.