Today’s fuel price musings - Oil drops a little, so does gas

August 14th, 2008 at 05:25pm Thomas V. Bona

Yesterday’s rise in oil prices doesn’t seem to have affected gas prices. And today, oil inched back down a bit. Could be something to this whole “demand destruction” thing.

Remember to check out our Gas Tracker feature, and add prices you see. The more trackers we have, the better information we’ll have.

Here’s the gas prices situation as of this morning (prices courtesy of AAAs fuelgaugereport.com):

Gasoline: Rockford dropped two cents to $3.83 a gallon, down almost 38 cents from the record high July 16. We’re third in the state in gas prices (but some others are gaining on us). The Illinois average actually rose almost a cent to $3.93, still down almost 33 cents from the record high July 17. The national average dropped a cent to $3.78, down almost 34 cents from the record high July 17. Illinois increased to the 11th-highest gas prices in the nation.

Diesel: Rockford rose more than a cent to $4.34 a gallon (diesel continues to be the contrarian). Still, it’s down 49 cents from a month ago, when prices were on the uptick. We now are tied with the second-lowest diesel prices in the state (Bloomington and Springfield, seeing yesterday’s post, revised their prices to screw us. I’m sure of it!) The state average dropped just over a cent to $4.53, down 32 cents in the past month. The national average dropped almost three cents to $4.47, down 36 cents in the past month. Illinois has the 18th-highest prices in the country (including the District of Columbia).

Entry Filed under: Fuel price musings