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Home Illinois News

Gas prices up $1.25 a gallon over past year, home heating fuel costs expected to skyrocket this winter

Illinois Review by Illinois Review
November 5, 2021
in Illinois News
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(The Center Square) – U.S. gasoline prices reached a 7-year-high this week, with the national average of a regular gallon of gasoline rising to $3.399, up from $3.187 last month, AAA reports.

Gasoline prices at the pump have gone up every day in the past 27 days, adding about 21 cents to the cost of a gallon of gas, AAA says.

A year ago, the average price of a regular gallon of gasoline was $2.151 a gallon, meaning motorists are paying about an average of $1.25 more a gallon this fall than last.

“With the U.S. economy slowly recovering from the depths of the pandemic, demand for gas is robust, but the supply is tight,” AAA spokesperson Andrew Gross said in a statement. Gas prices haven’t been this high since September 2014, he adds.

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