Business and Economics

NWI Gas Prices Lower Going Into August

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August 1, 2014 — An unusual but steady drop in gas prices throughout the month of July will leave Illinois and Indiana drivers paying the lowest gas prices for an August start since 2010.

Illinois and Indiana drivers are currently paying on average $3.56 and $3.48 respectively for a gallon of regular unleaded. Illinois prices reflect a drop of nearly $.27 from just a month ago, while Indiana prices have dropped $.15 in the past month. These prices represent the lowest prices for an August start since 2010.

In July in Illinois, gas prices averaged $3.68, which was down $.22 from June 2014 and down $.16 from 2013. In northern Indiana, gas prices averaged $3.59 in July, which was down $.27 from June and down $.17 from July 2013.

“Drivers in Illinois and Indiana looking to take their last summer road trip are catching a bit of a break with gas prices falling throughout July and into August due to minimal refinery issues and abundant supply,” said Beth Mosher, AAA spokeswoman. “The outlook for the remainder of August looks positive barring any unforeseen issues throughout the remainder of the hurricane season.”

Other July monthly averages across the region:

  • In Cook County, Ill., self-serve regular unleaded gasoline averages $3.92, which is down $.24 from last month and $.18 lower than last year’s price-per-gallon.
  • In DuPage County, Ill., self-serve regular unleaded gasoline averages $3.69 per gallon, which is a $.30 decrease from June and down $.26 from last year.
  • In Kane County, Ill., self-serve regular unleaded gasoline averages $3.62 per gallon, which is down $.34 compared to last month and $.29 lower than July 2013’s price.
  • In Lake County, Ill., self-serve regular unleaded gasoline averages $3.64 per gallon, which is $.32 lower than last month and down by $.29 compared to this time last year.
  • In McHenry County, Ill., self-serve regular unleaded gasoline averages $3.72 per gallon, which is $.27 lower than last month’s average and $.21 lower than July 2013’s price.
  • In Will County, Ill., self-serve regular unleaded gasoline averages $3.64 per gallon, which is $.32 lower compared to last month and $.30 lower compared to last year.
  • In Champaign County, Ill., self-serve regular unleaded gasoline averages $3.54 per gallon, a decrease of $.21 from June and $.05 lower than last year.
  • In McLean County, Ill., self-serve regular unleaded gasoline averages $3.44 per gallon, which is $.25 lower than last month and $.12 lower than last year.
  • In Peoria County, Ill., self-serve regular unleaded gasoline averages $3.47 per gallon, which is down $.29 compared to last month and down $.15 from July 2013.
  • In Sangamon County, Ill., self-serve regular unleaded gasoline averages $3.45 per gallon, which is $.25 lower than last month and $.17 lower than last year.
  • In Winnebago County, Ill., self-serve regular unleaded gasoline averages $3.51 per gallon, a decrease of $.25 from June and $.16 lower than July 2013.
  • In Allen County, Ind., self-serve regular unleaded gasoline averages $3.40 per gallon, which is $.36 lower than last month and $.18 lower than July 2013’s price.
  • In Lake County, Ind., self-serve regular unleaded gasoline averages $3.59 per gallon, which is down $.27 from June’s average and is a $.17 decrease from a year ago.
  • In Porter County, Ind., self-serve regular unleaded gasoline averages $3.61 per gallon, which is $.27 lower than last month and $.15 lower than last year.
  • In St. Joseph County, Ind., self-serve regular unleaded gasoline averages $3.50 per gallon, which is $.32 lower compared to last month and $.15 lower than last year.

Fuel prices are posted on-line at www.fuelgaugereport.com, which updates prices daily for unleaded, diesel and E85 blends of fuel.

Source: Chicagoland AAA

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