By Kevin Haas
Rock River Current
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ROCKFORD — The average price of a gallon of gas in the city fell more than 20 cents over the past week to an average of $4.63 today, according to GasBuddy’s survey of 139 stations in Rockford.
The average per-gallon price here is 56 cents lower than a month ago and $1.40 higher than this time a year ago.
It is the sixth-straight week prices have fallen in Rockford, and it’s the lowest per-gallon price to start the week since the second week of May. That mirrors the national trend.
According to GasBuddy’s report, the cheapest station in Rockford was priced at $3.99 per gallon on Sunday while the most expensive was $5.39, a difference of $1.40 per gallon.
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The national average price of gasoline has fallen, too. That average is down more than 17 cents per gallon in the last week to $4.33 today. The national average is down nearly 57 cents per gallon from a month ago but $1.19 higher than a year ago, according to GasBuddy data from more than 150,000 gas stations across the country.
“Gas prices continue falling coast to coast, with the national average last week declining for the sixth straight week, or 40 days in a row. The national average is now down an astounding 70 cents in that timeframe,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I have no reason yet to expect the decline won’t reach seven straight weeks, as gas stations still have plenty of room to decline as oil prices remain under $100 per barrel.”
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However, De Haan cautioned that severe weather such as summer hurricanes could reverse the trend.
“In addition, this week we’ll see GDP data for the second quarter, and if it’s better than expected, we may see oil rally, slowing the descent,” he said. “For now, nine states are seeing average prices under $4 per gallon, a number that will rise this week, with over 40,000 stations under that level, keeping $266 million per day in motorists’ wallets versus mid-June.”
July 25 gas prices | 10-year history
Year | Rockford average per gallon | national average
2021 | $3.23 | $3.14
2020 | $2.26 | $2.18
2019 | $2.84 | $2.74
2018 | $2.76 $2.85
2017 | $2.22 | $2.28
2016 | $2.10 | $2.15
2015 | $2.64 | $2.72
2014 | $3.44 | $3.54
2013 | $3.75 | $3.65
2012 | $3.46 | $3.48
Source: GasBuddy
This article is by Kevin Haas. Email him at khaas@rockrivercurrent.com or follow him on Twitter at @KevinMHaas or Instagram @thekevinhaas.