The national average price for a gallon of gas has steadily dropped in the past week, falling below $4 for the first time since the end of March. Illinoisans have, as a result, also seen lower prices at the pump.
Illinois’ average cost per gallon Friday was $4.24, higher than the national average.
The price decrease for Illinois, however, month-over-month was roughly $0.80 – a larger shift than the $0.56 difference in the national average, according to AAA.
U.S. Vice President J.D. Vance told media Thursday that as a result of negotiations with Iran and a tentative deal being struck to bring an end to the conflict with Iran, the cost of motor fuel to consumers has begun to fall steadily.
Patrick De Haan, a petroleum analyst with Gasbuddy, projected Thursday that the national average for gas could shift below $3 near the end of this year if no outside disruptions impact domestic oil production.
The drop in gas prices for Illinois motorists is the largest change across the nation, though fuel costs remain ahead of the national average due to the state’s near-leading 43.8 cent tax per gallon.
Story from Illinois Radio Network
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