By CBS 2 Chicago Staff

By Alina Panek

CHICAGO (CBS) — Illinois has not seen gas prices this high in seven years due to the limited production strained by the pandemic and higher oil prices.

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The state’s average is at $3.41 a gallon, while Chicago remains higher at almost $3.82 a gallon.

Illinois is in the top 10 nationally of largest weekly increases, tied with Delaware, at 10 cents a week. The key driver of this price is the cost of crude oil, according to AAA. Bent Crude hit nearly $84 a barrel, up $10 in the past month.

“…Last week’s decision by OPEC and its oil-producing allies to not increase production further only exacerbated the upward momentum for crude oil prices,” said Andrew Gross with AAA.

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Last time gas prices were this high was in October 2014.

According to AAA, they are not expecting it to get better. It might be a cold winter this year.

 

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CBS 2 Chicago Staff