Today’s fuel price musings - Falling so fast, they’re outdated!

October 16th, 2008 at 10:59am Thomas V. Bona

With gas prices now hitting $2.99 around Rockford, the metro average should drop significantly when AAA updates numbers tomorrow.  The last time we had a metro average below $3 a gallon was Feb. 1, based on a brief drop at the end of January. Could we be back there this week?

Before today’s drop, Rockford was 79th of the nation’s 250 metro areas in gas prices. Less than half, 103, of them were below $3 a gallon. Only 2 - in Hawaii and Alaska - were still above $4.

Here’s where prices were at before this morning’s drop (as always, courtesy of AAA’s fuelgaugereport.com):

Gasoline: Rockford dropped more than five cents to $3.14 a gallon. We still have the second-highest gas prices in the state - eight cents above Quad Cities while 33 cents behind Chicago. The Illinois average dropped four cents to $3.24. The national average dropped more than four cents to $3.08. Illinois has the 12th-highest gas prices in the nation.

Diesel: Rockford dropped more than six cents to $3.72 a gallon. We have the seventh-highest diesel prices in the state. The state average dropped four cents to $3.88. The national average dropped more than three cents to $3.76. Illinois has the ninth-highest diesel prices in the country.

Entry Filed under: Fuel price musings