Today’s fuel price musings - we’ve dropped while the nation’s gone up

June 24th, 2009 at 10:12am Thomas V. Bona

It’s played out as I predicted - Rockford region gas prices have dropped 17 cents since the peak on June 9, while the nation as a whole has gone up six cents since then. The supply problems in Chicagoland abated, sending our prices back down a bit. Nice to see a little balance in the markets.

Here are the prices from this morning (courtesy of AAA’s fuelgaugereport.com):

Gasoline: Rockford dropped almost two cents to $2.76 a gallon today, an eight-cent drop in the past week. We’re third in the state and  68th of the nation’s 280 metro areas, behind the entire states of California, Connecticut, Hawaii, New York, Oregon and Washington.  The Illinois average dropped a cent to $2.81 a gallon, down  just two cents in the past week. The national average dropped less than a cent to $2.68 a gallon, even with a week ago. Illinois has the eighth-highest gas prices in the nation, including the District of Columbia

Diesel: Bad news here, however. Rockford rose three cents to $2.70 a gallon, an four-cent increase in the past week and 43-cent hike in the past month. Diesel prices could pass gasoline prices this week. We have the second-highest diesel prices in the state. The state average stayed at $2.69. The national average remained at $2.63. Illinois has the 13th-highest diesel prices in the country, including the District of Columbia.

Entry Filed under: Uncategorized