Today’s fuel price musings - If I ignore $4 gas, it won’t go away

2 comments June 2nd, 2008

Sorry it’s been a while since I last posted one of these. I’ve had nothing insightful to say about high fuel prices

Here’s the info (data courtesy of AAA’s fuelgaugereport.com):

Gasoline: Rockford dropped half a cent this morning to $4.07 a gallon, 1.5 cents below the record set Sunday. Hopefully Sunday was the high-water mark, but I wouldn’t bet on it. Our prices have gone up about 40 cents in the past month, and we’re third in the state. The state averaged inched up a fraction of a cent to a record 4.13 a gallon, a 38 cent hike in the past month. The national average remained at a record $3.975, up 36 cents from a month ago. Illinois has the sixth-highest gas prices in the nation.

Diesel: Rockford dropped a fraction of a cent to remain at $4.83 a gallon this morning, down more than three cents from the record set Saturday. Still, prices are up 53 cents from a month ago. We still have the second highest diesel prices in the state. The state average dropped half a cent and sits at $4.81 a gallon, 48 cents up from a month ago. The national average dropped almost a cent to $4.79 a gallon, but is till up 54 cents from a month ago. Oddly enough, Illinois has the 19th-highest prices in the country.