PEORIA, Ill. – Gas prices are once again falling in Peoria.
According to a GasBuddy.com daily survey of 148 gas outlets in the River City, the average price of a gallon of regular gas has fallen 13.9 cents in the past week. It now averages at $3.98 a gallon.
Nationally the average price of gas has fallen 2.1 cents per gallon in the last week to $3.61.
In Peoria, prices on Sunday were 31.4 cents per gallon higher than the same day one year ago and 22.9 cents per gallon higher than a month ago.
Analysts blamed a recent spike is gas prices in the Midwest on the sudden closure of an ExxonMobil in Joliet, Illinois. That refinery is back online and increasing production.
Last week, GasBuddy said prices could also decrease in the long run, once a BP plant in Indiana completes its expansion project.