Today’s fuel price musings - No real movement yet

Add comment June 9th, 2009

Any drop in prices around Rockford was offset by increases elsewhere in the region, making our metro average in gasoline prices increase a little. The big gap between Chicago wholesale gasoline and the rest of the country is dropping, so once distributors pass that on to retailers, you’ll see some relief. But meanwhile, oil prices settled today above $70 a barrel for the first time this year, so it could end up being a case of the rest of the country catching up to us more than us falling back to them.
Here are the prices from this morning (courtesy of AAA’s fuelgaugereport.com):

Gasoline: Rockford rose a cent to $2.93 a gallon today. We’re second in the state and 13th of the nation’s 280 metro areas - definitely the highest I’ve seen us. Chicago remains ahead of us at $2.94. The Illinois average drop a cent to $2.86 a gallon. The national average remained at $2.62 a gallon. Illinois has the fourth-highest gas prices in the nation, including the District of Columbia

Diesel: Rockford rose more than a cent to $2.59 a gallon. We have the second-highest diesel prices in the state. The state average dropped a cent to $2.60. The national average stayed at $2.52. Illinois has the 10th-highest diesel prices in the country, including the District of Columbia