Covering the Land of Lincoln

Average gas prices fall nationwide ahead of Thanksgiving holiday

Posted on November 21, 2022

he national average has dropped 12 cents over the past week, averaging $3.64 cents a gallon. (Photo courtesy: Illinois Department of Transportation/Facebook

By Jake Fogal

BLOOMINGTON – Illinois gas prices are trickling down, falling 16.5 cents over the past week, averaging $3.97 a gallon.

“What an incredible turnaround in the last week. While a decline was expected in more states than last week, I didn’t expect every single state to hop on the bandwagon so quickly. But, it’s terrific news as motorists prepare for Thanksgiving travel, with tens of thousands of stations under$3 per gallon, and thousands more to join in the next few weeks, barring a dramatic turnaround,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

According to GasBuddy, prices in the state are 27 cents lower than a month ago and 47 cents more expensive compared to this time last year.

The cheapest station in Illinois is priced at $2.99 ​​while the most expensive is $5.87, according to GasBuddy price reports.

The national average has dropped 12 cents over the past week, averaging $3.64 cents a gallon.

‘Everyone will be seeing relief at the pump this week, with even more substantial declines on the way as oil prices plummeted last week to briefly trade under $80 per barrel. It’s not impossible that if oil markets hold here, we could see a national average of $2.99 ​​around Christmas, certainly the gift that every motorist is hoping for. Drivers shouldn’t be in a rush to fill up as prices will come down nearly coast-to-coast into the heavily traveled Thanksgiving holiday.”

Jake Fogal can be reached at [email protected]

Filed Under: Local News, Top Stories, WJBC’s Top Stories

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