Today’s fuel price musings - I doubt the slide will continue

June 16th, 2008 at 12:52pm Thomas V. Bona

Gas prices slide in Rockford for the fourth straight day, but oil hit another record today, so look for a price rebound.

(Prices courtesy of AAA’s fuelgaugereport.com)

Gasoline: Rockford dropped 1.5 cents to $4.08 a gallon, more than five cents less than it was Thursday and the lowest level since June 8. We’re now seventh in the state in gas prices, the lowest we’ve been in a while. The state average increased more than a cent to a record $4.16 a gallon. The national average rose less than a cent today to a record $4.08. Illinois still has the ninth-highest gas prices in the nation.

Diesel: Rockford dropped half a cent today to $4.80, more than six cents behind the record set May 30. We have the second-highest diesel prices in the state, dipping ahead of Quad Cities ($4.77). The state average rose a fraction of a cent to $4.81 a gallon. That’s less than a cent behind the record set May 31. The national average remained at a record $4.80 a gallon. Illinois has the 19th-highest prices in the country (including the District of Columbia).

Entry Filed under: Fuel price musings