PEORIA, Ill. — Filling up your tank in the Peoria area is taking a much bigger bite out of your wallet this week.
Gas prices across Peoria jumped nearly 30 cents over the past seven days, bringing the local average to $4.84 a gallon, according to GasBuddy. AAA Illinois reports a similar spike, putting the Peoria/Pekin average at $4.85. That means local drivers are paying 53 cents more per gallon than just a month ago — and $1.52 more than this time last year.
Prices are swinging wildly depending on where you pump. GasBuddy found Peoria stations ranging from $4.69 on the cheap end up to $5.28 a gallon. Across the state, prices span from $4.07 to $6.01 a gallon.
Why the sudden jump? Industry analysts point to regional refinery trouble here in the Great Lakes alongside global tensions.
“Average gasoline prices rose in virtually every state over the last week, with 45 states seeing increases of more than 3 cents per gallon, led by the Great Lakes region where refinery issues sent Michigan, Indiana, Illinois, Ohio, and Wisconsin all up more than 30 cents per gallon,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel rose in every state, with five states seeing increases exceeding 50 cents per gallon, as continued strikes on Russian oil refineries tighten global diesel supply—a pressure further amplified in the Great Lakes by regional refinery issues. Any broader directional change will depend heavily on overseas developments, and with new Houthi attacks and fresh U.S.-Iran escalations, the outlook remains deeply uncertain.”
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