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home : news : north central illinois   April 29, 2016

5/16/2013 2:26:00 AM
Relief at the gas pump in June?


A motorcyclist, who identified himself only as Jaxx, fills up in Peru on Tuesday. He said the rising gas prices have affected his mode of transportation. “It keeps me on my bike and out of my cars,” he said. NewsTribune photo/Genna Ord
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A motorcyclist, who identified himself only as Jaxx, fills up in Peru on Tuesday. He said the rising gas prices have affected his mode of transportation. “It keeps me on my bike and out of my cars,” he said.

NewsTribune photo/Genna Ord
Kevin Caufield
NewsTribune Reporter



Oglesby resident Danielle Devera is attuned to price fluctuations at the gas pump.
Devera drives to Bloomington every Thursday to visit her children, and at $40 a visit, she’s thinking of moving out of the area to save on travel costs.
“It’s got to be the economy,” she said. “Everything is going up in price now and it’s getting bad.”
As Memorial Day approaches so do climbing prices at the pump. Average retail gasoline prices in Illinois have risen 2.9 cents per gallon in the past week, averaging $4 per gallon yesterday, according to GasBuddy.com’s daily survey of 4,378 gas outlets in Illinois. This compares with the national average that has increased 6.2 cents per gallon in the last week to $3.57 per gallon, according to the gasoline price website.
Including the change in gas prices in Illinois during the past week, prices yesterday were 9.2 cents per gallon higher than the same day one year ago and are 32.4 cents per gallon higher than a month ago.
The national average has increased 5 cents per gallon during the last month and stands 15.4 cents per gallon lower than this day one year ago.
Perhaps many motorists would like to blame gas station owners but Devera is correct, in a macro sense, that the economy is to blame.
GasBuddy.com senior petroleum analyst Patrick DeHaan said the national average is perking up again due to the typical factors that affect gas prices: refinery production and maintenance, tightening supply and the U.S. Environmental Protection Agency’s mandated “cleaner” summer gasoline.
“Many motorists remain skeptical of the so called reasons that we blame higher prices on: refinery production and maintenance, tightening supply, and the now completed switch over to EPA mandated cleaner summer gasoline,” he said. “Tight gasoline supply exists especially along the West Coast, and other factors are coming into play in some of the bigger metro areas where more expensive reformulated gasoline has hit pumps.”
Fortunately for motorists, June historically features the lowest gasoline prices of the summer.
“In addition, most refiners are wrapping up maintenance and resuming production,” DeHaan said.

Kevin Caufield can be reached at (815) 220-6932 or countyreporter@newstrib.com.












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