Chicago Gas Prices Jump In January

At gas pumps all over Chicago, local drivers are getting some ominous news–gas prices have jumped dramatically over the past month.

After enjoying four months of declining fuel prices and some of the lowest prices in the last few years, local gas prices have risen over 10% according to two websites which track area gas prices.

According to AAA’s Fuel Gauge Report, the average cost for a gallon of regular unleaded gasoline in the city has increased from $3.59 to $3.96 a gallon, a 37 cent bump. The price rose 25 cents just in the last week.

ChicagoGasPrices.com, which tracks pricing for the Chicago metro area,  has seen the cost of fuel rise 42 cents a gallon or a 12% increase the past 30 days. Local gas has gone from $3.44 to $3.86 a gallon in the past month and has risen 20 cents in the past week.

“Prices in Chicago are spiking, and have been in this upward direction for a week or so,” says Patrick DeHaan, a petroleum analyst for GasBuddy.com. “It’s been ugly.”

Read more at DNA Info Chicago.

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