Higher Gasoline Prices on the Way

It's that time of year again. Crude oil prices have risen to $100 a barrel and gasoline prices have been moving up since February 3, 2014. A month ago crude was about $93 a barrel. Analysts predict that refineries will begin reducing production to perform maintenance and to switch to EPA mandated summer gasoline blends.

The good news? It's unlikely that Illinois gasoline prices will reach recent
February peaks of:

• 2013 $4.24 peak
• 2012 $4.28 peak
• 2011 $4.34 peak 

Currently the average price of gasoline in the US is $3.34. In Illinois, regular gas is average $3.481 per gallon according to AAA.

In Wheaton, the lowest regular gasoline prices today were $3.35 a gallon (go to gasbuddy.com).That's better than the prices of $3.95 one year ago today.