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
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.
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