Just Askin': Champaign gas prices

Just Askin': Champaign gas prices

How do Champaign gas prices compare with the rest of Illinois and the United States?

According to GasBuddy, which tracks prices at 4,378 gas stations in Illinois and many more around the country, as of July 10, Champaign's average price for a gallon of gas was $2.11, down from $2.16 the week before. That's less than Illinois' average of $2.24 and the national average of $2.25.

It's also less than the $2.20 a gallon price in Peoria, according to GasBuddy.

Compared to the same day in previous years, Illinois' average price is the lowest it's been in a while.

Last year, the average price on July 10 was $2.30 a gallon, and in 2014 at this time it was $3.76.

Crude oil prices have stalled, GasBuddy analyst Patrick DeHaan said, so he expects gas prices to remain relatively low for some time.

Sections (2):News, Business

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
pattsi wrote on July 16, 2017 at 3:07 pm

Is not the larger question, which has been posited on numerous occasions by others, how is it that gas prices jump 20-45 cents over night throughout the county to the same price? One week ago on Tuesday evening the price of gas was selling at $1.97 and Wednesday morning the price had jumped to $2.19, where it is today at some stations still. Did the barrel price jump by that percentage over night such that gas  price legitimately could be increased even for that gas already on site? And interestingly these price jumps normally occur on Tuesday evening or Wednesday morning and highly correlated to what might be happening the coming weekend. The reverse pattern is decreasing gas prices one cent at a time over days and weeks.  It would have been useful to learn if this pattern is isolated to CC or universal throughout the used comparables?