Today’s fuel price musings - Faced with a local record in gas prices

1 comment April 9th, 2008

Sorry I was gone yesterday. Here’s today’s bad news(Data courtesy of AAA’s fuelgaugereport.com):

Gasoline: The Energy Information Administration predicted this week that national gas prices will go as high as $3.60 this summer, which could mean prices close to $4 a gallon in Illinois. On average, the EIA is projecting a 21 percent increase. That’s even taking into account a slight drop in domestic demand year-over-year. Rockford increased a cent to $3.45 a gallon today, just over a cent from our all-time record. The state average increased almost a cent to $3.46 today, about six cents from its record. Rockford maintains the third-highest prices in the state, while Illinois has the sixth-highest gas prices in the country. The national average continues to set records, and stands at $3.34 a gallon.

Diesel: Rockford jumped six cents to $4.08 a gallon Tuesday, and stayed there today. The state average dropped a cent Tuesday but gained it back today (my diet’s the same way). It’s at $4.14 a gallon, two cents shy of its record.We have the second-highest diesel prices in the state now, behind only Chicago ($4.25). The nation is up to $4.03 a gallon, less than a cent from its all-time record. Illinois has the 14th-highest prices in the country.