Today’s fuel price musings - How many ways can you say “Prices are dropping”?

7 comments December 3rd, 2008

I haven’t done one of these in a while  because the news has been the same - prices dropping. Yesterday, though, they ticked up a fraction of a cent in the Rockford metro area … but have dropped back down again. Most stations in Rockford are now in the $1.70s on gasoline. Back when we hit $2, Road Ranger President Dan Arnold suggested they could fall another 30 to 40 cents. So the bottom may be in sight…

Prices courtesy of AAA’s fuelgaugereport.com:

Gasoline: Rockford dropped two cents to $1.81 a gallon. We have the third-highest gas prices in the state. We’re also 84th of the nation’s 250 metro areas. The Illinois average dropped half a cent to $1.77. The national average dropped almost a cent to $1.80. Illinois has the 27th-highest gas prices in the nation, including the District of Columbia. Only Alaska, New York and Hawaii remain above $2 a gallon.

Diesel: Rockford dropped more than a cent to $2.80 a gallon. We have the third-highest diesel prices in the state. The state average rose a fraction of a cent to $2.84. The national average dropped half a cent to $2.74. Illinois has the 13th-highest diesel prices in the country. Only Alaska, Connecticut, the District of Colombia, Hawaii and New York remain above $3 a gallon (Hawaii is still above $4).