Today’s fuel price musings - Prices keep plummeting

4 comments October 13th, 2008

We’ve dropped under $3.25 in much of the area today, with illinoisgasprices.com reporting several places in Rockford with prices at $3.19 and below. Oil rebounded back above $80 a barrel, so it’s unclear how much farther they’ll drop, but there’s still room for this historic decrease.

Rockford ranks 83rd out of the nation’s 270 metro areas in gasoline prices, down 10 spots from last week. We’ll never be the cheapest, but we’re in line with our historic place

Here are the prices  from this morning (as always, courtesy of AAA’s fuelgaugereport.com):

Gasoline: Rockford dropped more than two cents to $3.30  a gallon. We have the second-highest gas prices in the state. The Illinois average dropped three cents to $3.37. The national average dropped four cents to $3.21. Illinois has the 11th-highest gas prices in the nation.

Diesel: Rockford dropped almost nine cents to $3.80 a gallon. We’re tied with the eighth-highest diesel prices in the state. The state average dropped almost three cents to $3.96. The national average dropped three cents to $3.83. Illinois the eighth-highest diesel prices in the country.