CHAMPAIGN, Ill. (WCIA) — Champaign gas prices have fallen 8.7 cents per gallon in the past week, averaging $3.05 per gallon.
Officials said the current gas prices in Champaign are 23.0 cents per gallon lower than a month ago. GasBuddy price reports show that the cheapest station in Champaign is priced at $2.78 per gallon while the most expensive is priced at $3.28 per gallon.
The GasBuddy reports also show that the lowest price in the U.S. today is $2.55 per gallon and the highest is $3.89 per gallon. The national average price of gasoline has fallen 1.9 cents per gallon in the last week, standing at $3.15 per gallon today. This is down 2.8 cents per gallon from a month ago.
According to the spokesperson of the AAA Auto Club Group, gas prices have gone down slightly recently because the summer season of driving is over and there will be changes from the summer-blend gas to the fuel-blend gas, which is less expensive.
“Sagging U.S. gasoline demand along with continued recovery after Hurricane Ida have helped gas prices edge slightly lower in most states from where they were a week ago. But with Tropical Storm Nicholas threatening another key area of refineries in Houston with significant rain, we could see the decline in prices hit the pause button,” said the head of petroleum analysis for GasBuddy Patrick De Haan. “While Nicholas would appear to be a minor storm, we could see a deluge of water – the same issue that caused some significant damage in Ida’s wake to refineries in Louisiana. Combined with the earlier storm, Nicholas could make things more challenging. However, as gasoline demand has now fallen for four straight weeks, there is more breathing room even if some capacity does temporarily go offline.”
Molly believes gas prices in Illinois may not be affected greatly by Nicholas.
“There are some of the gas pipelines that are still recovering from Hurricane Ida, and with potential Hurricane Nicholas, it will most likely affect the areas near Texas,” said Molly. “The Midwest markets should not be affected by it. There might be a little bit of change in gas prices but nothing more than a few cents.”
Officials said the neighboring areas and their current gas prices are as followed:
– Indiana- $3.11/g, down 3.1 cents per gallon from last week’s $3.15 per gallon.
– Peoria- $3.21/g, down 3.7 cents per gallon from last week’s $3.25 per gallon.
– Illinois- $3.23/g, down 5.2 cents per gallon from last week’s $3.28 per gallon.