If you’ve filled your tank in the past couple days, you’ve probably noticed a sudden spike in gas prices.
That gas station on the corner that’s been selling gas under $2 is suddenly up by 10-15 cents today.
Phil Flynn, senior energy analyst at The PRICE Futures Group said it’s the result of a price war being waged between OPEC – especially Saudi Arabia – against American energy producers.
If you’re feeling a little giddy when it’s time to refuel, you’re not alone, reports WBBM’s John Cody.
Motorists will continue to enjoy the lower prices at the gas pump.
The average price of a gallon of regular unleaded in Illinois was $3.46 on Friday, down about 10 cents compared to last month, according to the AAA. In the Chicago area, the average price is $3.61, and prices are even lower across the region.
Gasoline prices are dropping a little, but we’re still paying an average of $3.80 per gallon for regular unleaded in the Chicago area. One way to save at the pump is by using a gas rewards credit card. There are a lot of them out there, so CBS 2’s Dorothy Tucker looked at how to choose the best one for you.
The insurgent violence in Iraq and threats to oil facilities there have pushed the price of crude oil to more than $107 per barrel. That has translated to higher gasoline prices, nowhere higher than Chicago.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said even he was surprised at how much gas prices jumped on Thursday, just in the time between when he went to work and when he got home.
Patrick DeHaan, senior petroleum analyst for GasBuddy.com said lingering effects of the harsh winter were to blame for the recent spike in gas prices.
Gas prices nationwide have been holding steady over the last week, at around $3.64 a gallon, but in the Chicago area, prices just keep going up.
With a gallon of regular unleaded now going for an average of $4.70 per gallon, Chicago’s gas prices are even higher than Hawaii’s.
For the first time this year, Chicago area drivers are seeing some relief at the pump, as gas prices have started going down.
Hold on to your wallets: we are in the middle of a gas price spike, and experts say it will only get worse.
How painful will filling up at the pump be this year? On Monday, experts were giving their first look at what’s ahead for gas prices.
Travel is expected to be up this holiday season, and one big reason is plummeting gas prices.
Pain at the pump continues in Illinois, as the Great Lake states wrestle with the some of the highest gas prices in the country.
Chicago area gas prices have shot back above $4 per gallon — just barely.
After weeks of dour outlooks and record highs, gas prices in greater Chicago have receded – potentially for the rest of the travel season.
Gas prices are on the rise, and experts say we can expect them to keep rising as we head toward spring.