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Average Peoria gas price up nearly 11 cents over last week

Gas Prices
Gas Prices(MGN)
Published: May. 23, 2022 at 12:47 PM CDT
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PEORIA (Heart of Illinois ABC) - The average price of fuel in Peoria is up 10.9 cents per gallon - to an average of $4.84/gallon Monday.

GasBuddy also says prices in the River City are up 43.5 cents per gallon from last month and are $1.67/gallon higher than this time last year.

The price of diesel has risen 22.6 cents nationally in the past week and currently stands at $5.518 per gallon.

According to local GasBuddy price reports, the cheapest station in Peoria was priced at $4.59/gallon Sunday while the most expensive was 39 cents higher at $4.89/gallon.

The national average has risen 11 cents to an average of $4.57/gallon.

“Gasoline prices surged over the last week to new record highs, but have finally started to slow their rise with diesel also finally cooling off,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With more Americans planning to hit the road for Memorial Day this year compared to last, prices will be over $1.50 per gallon higher than last year.”

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