Today’s fuel price musings - Oil below $60 (or Party Like It’s Early 2007)

November 11th, 2008 at 07:10pm Thomas V. Bona

But there are some signs that the bottom is coming soon in gas prices….
Here are today’s metro area prices (as always, courtesy of AAA’s fuelgaugereport.com):

Gasoline: Rockford dropped a penny to $2.26 a gallon. We have the third-highest gas prices in the state. Quad Cities actually increased a fraction of a cent while Peoria stayed where it is. Coincidence? Or a flattening? (Decatur, the lowest-priced metro area in the state, keeps dropping and is now below $1.92 a gallon). The Illinois average dropped almost four cents to $2.28. The national average dropped two cents to $2.22. Illinois has the 18th-highest gas prices in the nation, including the District of Columbia. Four states have gas prices averaging below $2 a gallon - Indiana, Missouri, Ohio and Oklahoma. Only Alaska and Hawaii remain above $3 a gallon.

Diesel: Rockford dropped three cents to $3.05 a gallon. We have the sixth-highest diesel prices in the state. The state average dropped a cent to $3.19. The national average dropped less than a cent to $3.09. Illinois has the 12th-highest diesel prices in the country. Twelve states have disel prices averaging below $3. Only Alaska and Hawaii remain above $3 a gallon.

Entry Filed under: Uncategorized