Illinois Gas Prices Rise in the Last Week

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Average retail gasoline prices in Illinois have risen 4.5 cents per gallon in the past week, averaging $2.29/g Sunday, according to GasBuddy's daily survey of 4,378 gas outlets in Illinois. This compares with the national average that has increased 1.5 cents per gallon in the last week to $2.22/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Illinois during the past week, prices yesterday were 22.0 cents per gallon lower than the same day one year ago and are  unchanged versus a month ago. The national average has increased 1.4 cents per gallon during the last month and stands 7.3 cents per gallon lower than this day one year ago.

"Gasoline prices quickly reacted to news last week that OPEC had come to a decision regarding cutting back oil production," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "Oil prices surged on the news which fueled gas prices to jump as well, but several days after the news broke, there's reason to doubt OPEC's sincerity of a possible production cut. In addition, Hurricane Matthew is a major storm worth monitoring as it heads for the East Coast- perhaps to areas affected by the Colonial Pipeline outage last month. Should fuel availability and power outages arise from Matthew, GasBuddy stands ready to activate our Gasoline Availability Tracker."

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