October 15th, 2008
Reports of gas around $2.99 in Belvidere and South Beloit now. Rockford proper is down to $3.09. With oil dropping another chunk today, that should send further relief down the line in prices at refineries, terminals and at the pump. I perhaps will have to eat crow on my earlier predictions that we weren’t going to see gasoline under $3 in Rockford.
Don’t get too used to it, though. We’re entering the low-demand season and once travel picks up next year, prices will likely rebound. Unless we have a further plummeting of oil caused by ongoing economic crises. And then, we’d have other problems to worry about…
October 15th, 2008
Early reports are that wholesale gasoline prices out of Chicago are back down today. We’ll see if they stay that way. If so, then you’ll see a continuing drop out here.Here’s the latest (as always, courtesy of AAA’s fuelgaugereport.com):
Gasoline: Rockford dropped more than four cents to $3.19 a gallon. We still have the second-highest gas prices in the state - eight cents above East St. Louis while 29 cents behind Chicago. The Illinois average dropped more than four cents to $3.28. The national average dropped more than three cents to $3.13. Illinois has the 12th-highest gas prices in the nation.
Diesel: Rockford dropped half a cent to $3.78 a gallon. We have the seventh-highest diesel prices in the state. The state average dropped almost a cent to $3.92. The national average dropped two cents to $3.80. Illinois has the ninth-highest diesel prices in the country.
