Average Gasoline Prices Drop 11 Cents In Week

CHICAGO (CBS) — Average retail gasoline prices in Chicago have fallen nearly 11 cents per gallon in the past week.

Currently, drivers can expect to pay around $4.11 gallon, compared with the national average of $3.79, according to GasBuddy.com.

Locally, prices have fallen much faster compared with the national average drop of 2.4 cents per gallon.

Prices are still 42.0 cents per gallon higher than the same day one year ago and are 24.0 cents per gallon lower than a month ago.

“In the last few years, we’ve typically seen a seasonal downward trend at the gas pump as the cooler temperatures invade,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“We just haven’t seen any sort of real decline at the pump yet this autumn. This year has seen one of the warmest ever–temperatures and gasoline prices alike.

Despite the drop, drivers should not expect much good news at the pump.

“I don’t see enough relief to satisfy the majority of American motorists any time soon,” DeHaan said.

More From CBS Chicago

News Via Email
Podcast Network

Listen Live