Today’s fuel price musings - Gas under $4 spotted in Rockford

Add comment June 18th, 2008

The slow slide continues for the sixth straight day, and there are reports from coworkers and from IllinoisGasPrices.com that a few places in Rockford have dipped to $3.99.

It’s worth noting that this time last year was when gas prices slid from the $3.40s in late May to $3.14 in mid-June to as low as the $2.80s in fall before rebounding. But with oil prices still way higher than a year ago, don’t expect that kind of extreme drop until something changes in the market.

(Prices courtesy of AAA’s fuelgaugereport.com)

Gasoline: Rockford less than a cent to $4.07 a gallon, an almost seven cent drop in the last week and the lowest price since June 8. We’re back up to seventh in the state in gas prices. The state average dropped less than a cent to just under $4.15 a gallon. The national average dropped a fraction of a cent today to remain at $4.08. Illinois still has the ninth-highest gas prices in the nation.

Diesel: Rockford increased more than a cent today to $4.81, less than six cents behind the record set May 30. We’re back up to the second-highest diesel prices in the state. The state average increased a fraction to $4.81 a gallon. The national average dropped a fraction of a cent to $4.79 a gallon. Illinois has the 19th-highest prices in the country (including the District of Columbia).